A company had revenues of $63,500 and expenses of $48,250 for the accounting period. The company paid $7,000 cash in dividends to the owner (sole shareholder). Which of the following entries could not be a closing entry? Debit Income Summary $15,250; credit Retained Earnings $15,250. Debit Income Summary $63,500; credit Revenues $63,500. Debit Revenues $63,500; credit Income Summary $63,500. Debit Income Summary $48,250, credit Expenses $48,250. Debit Retained Earnings $7,000, credit Dividends $7,000