Grouper has year-end account balances of Sales Revenue $853,391, Interest Revenue $14,160, Cost of Goods Sold $512,223, Administrative Expenses $200,960, Income Tax Expense $33,082, and Dividends $20,096. Prepare the year-end closing entries.

No. Account Titles and Explanation (To close revenue accounts.) 2. (To close expense accounts.) (To close income/(loss).) (To close dividends.) Debit Credit