Can you please help me with the closing entry.

Prepare the closing entry for revenue.

• Prepare the closing entry for expenses.

• Prepare the closing entry for dividends.

On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Debit Credit $ 43,200 45,500 8,000 69,000 $ 9,500 15,100 15,000 85,000 41,100 $165,700 $165,700 Totals During January 2018, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000 January 9 Provide services to customers on account, $15,600 January 10 Purchase additional supplies on account, $5,400 January 12 Repurchase 1,200 shares of treasury stock for $17 per share. January 15 Pay cash on accounts payable, $17,000. January 21 Provide services to customers for cash, $49,600. January 22 Receive cash on accounts receivable, $17,100 January 29 Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15 (Hint: Grand Finale Fireworks had 15,000 shares outstanding on January 1, 2018 and dividends are not paid on treasury stock.) January 30 Reissue 800 shares of treasury stock for $19 per share. January 31 Pay cash for salaries during January, $42,500 The following information is available on January 31, 2018. a. Unpaid utilities for the month of January are $6,700 b. Supplies at the end of January total $5,600. c. Depreciation on the equipment for the month of January is calculated using the straight-line method. At t value of $10,500 d. Accrued income taxes at the end of January are $2,500 Enter your Return on Equity value to one decimal place and earnings per share value to 2 decimal places. Analyze the following for Grand Finale Fireworks (a) Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.50%, is the company more or less profitable than other companies in the same industry? The return on equity is Is the company more or less profitable than other companies? (b) How many shares of common stock are outstanding as of January 31, 2018? The number of common shares outstanding as of January 31, 2018 is (c) Calculate earnings per share for the month of January. (Hint: To calculate average shares of common stock outstanding take the beginning shares outstanding plus the ending shares outstanding and divide the total by 2.) If earnings per share was $2.40 last year (i.e., an average of $0.20 per month), is earnings per share for January 2018 better or worse than last year's average? Earnings per share is Is earnings per share for January 2018 better or worse than last year's average