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December 31, 2022: Reported $60,000 net income for the year and closed net income, other comp income and dividend accounts. December 31, 2022 Prepare the

December 31, 2022: Reported $60,000 net income for the year and closed net income, other comp income and dividend accounts. December 31, 2022 


Prepare the entry to close net income. Account Retained Earnings December 31, 2022 


Prepare the entry to close out all dividends declared accounts. Account December 31, 2022 Account December 31, 2022 December 31, 2022 


Prepare the entry to close out other comprehensive income. December 31, 2022

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