Larkspur inc. has recorded all necessary adjusting entries, excepi for income tax expense, at its fiscal year end, July 31,2024. The following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal \$866,550. Larkspur has a 20% income tax rate. Prepare closing entries. (Credit occount titles 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 O for the amounts. List all debit entries before credit entries.) (To close expense accounts.) July 31 (To close Income Summary.) July 31 (To close dividends.)