Mai Company's ledger includes the following accounts with normal balances: 

Common Stock, $10,600; 

Dividends, $1,600; 

Service Revenue, $29,000; 

Wage Expense, $16,400;

Rental Expense, $4,800.

Prepare the necessary closing entries from the information available at 31 December.

1. Save the entry to close the income accounts.

2. Save the entry to close the expense accounts.

3.Save the entry to close the income statement account.

4. Save the entry to close the dividend account.