Hamilton Realty Company, Inc.s income statement accounts at the end of its fiscal year, December 31, follow. Hamilton paid dividends of $5,000 during the year. Prepare the required closing entries.

Account name	Debit	Credit
Commission Revenue		$25,620
Wages Expense	$8,110
Rent Expense	1,200
Supplies Expense	4,260
Insurance Expense	915
Depreciation Expense Office Equipment	1,345
Total Expenses		15,830
Net Income		$ 9,790