and some explanation on why would be amazing thank you:)

Current Attempt in Progress Sheffield Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2021 $ Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Depreciation expense Dividends declared Equipment Fees earned 12,900 28,600 5,500 18,600 20,300 4,500 2.100 23,000 89,700 4.800 Income tax payable Insurance expense Prepaid insurance Rent expense Retained earnings Salaries expense Salaries payable Supplies Supplies expense Utilities expense 4,700 3,400 2,900 6,200 20,900 46,300 2.800 1,000 4,100 2.300 Income tax expense Prepare the closing journal entries. (List all debit entries before credit entries. Credit account titties are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Credit Debit Account Titles and Explanation Feb. 28 To close revenue account.) 28 28 (To close expense accounts.) 28 To close net income/loss).) 28 To close net income/tloss).) 28 To close dividends.)