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We want your input! Click here to submit your course evaluation. The items that follow appeared in the Income Statement columns of the work sheet prepared for The Sweet Shoppe at year-end. Also, the owner's withdrawal account was debited for $15,000 during the year ended December 31. Prepare closing journal entries for the business. Income Statement Revenue from services $107,000 Office salaries expense $25,000 Rent expense 12,500 Insurance expense 1,900 Office supplies expense 1000 Amortization expense, office 3.400 equipment $43,800 $107.000 Net income 63.200 $107.000 $107.000 Include the following in each journal entry: Date Account Title and Explanation Debit Credit Paragraph blocks ip9 W S