Lloyd Bookstore shows the following dividends, revenue, and expense account balances on December 31 before closing:

	Debit	Credit
Dividends	$250
Sales Revenue		$2,200
Cost of Goods Sold	1,350
Gain on Sale of Land		300
Salaries Expense	300
Utilities Expense	130
Miscellaneous Expenses	120
Income Tax Expense	180

Required:

Prepare closing entries.