Concord Company ended its fiscal year on July 31, 2022. The companys adjusted trial balance as of the end of its fiscal year is shown as follows. I figured out the closing entries but need help with retained earnings and income summary accounts.

Concord Company Adjusted Trial Balance July 31, 2022
No.		Account Titles		Debit		Credit
101		Cash		$9,950
112		Accounts Receivable		9,500
157		Equipment		16,400
158		Accumulated DepreciationEquip.				$7,600
201		Accounts Payable				4,600
208		Unearned Rent Revenue				1,800
311		Common Stock				21,750
320		Retained Earnings				25,500
332		Dividends		14,800
400		Service Revenue				64,000
429		Rent Revenue				6,000
711		Depreciation Expense		9,000
726		Salaries and Wages Expense		56,600
732		Utilities Expense		15,000
				$131,250		$131,250

Post to the Retained Earnings and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Retained Earnings					No. 320
Date	Explanation	Ref	Debit	Credit	Balance
July 31	select an explanation Close ExpensesBalanceClose DividendsClose Net Income/LossClose Revenues	J15	enter a debit amount	enter a credit amount	enter a balance amount
July 31	select an explanation Close ExpensesClose RevenuesClose DividendsClose Net Income/LossBalance	J15	enter a debit amount	enter a credit amount	enter a balance amount
July 31	select an explanation Close ExpensesBalanceClose RevenuesClose DividendsClose Net Income/Loss	J15	enter a debit amount	enter a credit amount	enter a balance amount
Income Summary					No. 350
Date	Explanation	Ref	Debit	Credit	Balance
July 31	select an explanation Close RevenuesBalanceClose Net Income/LossClose ExpensesClose Dividends	J15	enter a debit amount	enter a credit amount	enter a balance amount
July 31	select an explanation Close DividendsBalanceClose Net Income/LossClose ExpensesClose Revenues	J15	enter a debit amount	enter a credit amount	enter a balance amount
July 31	select an explanation Close Net Income/LossBalanceClose DividendsClose RevenuesClose Expenses	J15	enter a debit amount	enter a credit amount	enter a balance amount

Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
July 31	enter an account title to close revenue accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close revenue accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close revenue accounts on July 31	enter a debit amount	enter a credit amount
	(To close revenue accounts)
July 31	enter an account title to close expense accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts on July 31	enter a debit amount	enter a credit amount
	(To close expense accounts)
July 31	enter an account title to close net income or loss on July 31	enter a debit amount	enter a credit amount
	enter an account title to close net income or loss on July 31	enter a debit amount	enter a credit amount
	(To close net income / (loss))
July 31	enter an account title to close dividends on July 31	enter a debit amount	enter a credit amount
	enter an account title to close dividends on July 31	enter a debit amount	enter a credit amount
	(To close dividends)