Books Galore, Inc., an online bookstore, had the following account balances at year-end: Sales Revenue of $440,000; Cost of Goods Sold of $180,000; Salary Expense of $85,000; Insurance Expense of $3,800. Also, it declared and paid a dividend in the amount of $12,000 at year-end. Prepare the necessary closing entries for Books Galore. Omit explanations. (Record debits first, then credits. Exclude explanations from any journal entries.) (1) Start by closing revenues. Account Sales Revenue Income Summary December 31 440000 440000 (2) Close the expenses for the period. Account (3) Close income summary. Account December 31 December 31 (4) Close the dividend account. Account December 31