On December 31, 2019, the ledger of Lopez Company contained the following account balances:

Cash	$	31,500	Maria Lopez, Drawing	$	12,000
Accounts Receivable		2,150	Fees Income		46,250
Supplies		1,350	Depreciation Expense		2,000
Equipment		24,500	Salaries Expense		15,500
Accumulated Depreciation		1,750	Supplies Expense		2,250
Accounts Payable		2,250	Telephone Expense		1,850
Maria Lopez, Capital		46,750	Utilities Expense		3,900

Prepare the closing entries for the above transactions.