On December 31, 2021, Dyer Inc. completed its first year of operations. 114,000 Dyer Inc. Income Statement, For the year ended April 30, 2021 Rental Revenue Expenses: Salaries and Wages Expense $ 28,500 Maintenance Expense 12,000 Rent Expense 9,000 Utilities Expense 4,000 Gas and Oil Expense 3,000 Other Expenses 1,000 Total Expenses 57,500 Income $ 56,500 Required: Prepare the closing entries for this company. The company did not pay dividends in this year