Closing Entries; Net Income On March 31, 2049, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: $170,000 Accounts Receivable Accumulated Depreciation Building Administrative Expenses 775,550 533,650 Tnvertory Notes Payable Office Supplies Retained Earnings Salaries Payable Sales $986,100 318,800 19.250 1.312,850 7.950 6,668,800 698,550 Building Cash 2,598,500 171,200 299,150 3,960,000 169,250 Common Stock Cost of Goods Sold Dividends Interest Expense Selling Expenses Store Supplies 92.500 10,400 Journalize the closing entries. If an amount box does not require an entry leave it blank 2019 Mar 31