Current Attempt in Progress Lily Corporation reports the following adjusted account balances shown in alphabetical order, at the end of its fiscal year February 28, 2021 $ Accounts payable Accounts receivable Accumulated depreciation equipment Cash Common shares Depreciation expense Dividends declared Equipment Fees earned Income tax expense 12.900 Income tax payable 28.200 Insurance expense 5,700 Prepaid Insurance 18,700 Rent expense 20,000 Retained earnings 4.700 Salaries expense 1.900 Salaries payable 23.400 Supplies 91.300 Supplies expense 4900 Utilities expense 4,800 3.500 2.300 6,100 21,400 46,100 3.200 1.100 4,000 2,500 Prepare the closing journal entries. (List all debit entries before credit entries. Credit account titties are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 28 (To close revenue account.) 28 Feb. 28 (To close revenue account) 28 (To close expense accounts.) 28 (To close net income/loss).) 28 (To close dividends