Closing Entries; Net Income On March 31, 2099, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: $170,000 5972,000 322,250 733,600 Accounts Receivable Accumulated Depreciation-Building Administrative Expenses Building 533,550 20,500 Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable Sales 2,615,450 1,242,850 Cash 8,050 170,700 298,450 6,549,250 3,918,750 731,800 Common Stock Cost of Goods Sold Dividends Interest Expense Selling Expenses Store Supplies 179,000 93,850 10,500 Journalize the closing entries. If an amount box does not require an entry, leave it blank. 2019 Mar. 31 Sales Mar. 31