On December 31, 20X1, the ledger of Lopez Company contained the following account balances: All the accounts have normal balances. Prepare the closing entries for the above transactions. 4 Record the closing entry for revenue. Note: Enter debits before credits. Record the closing entry for expenses. Note: Enter debits before credits. Record the closing entry for the balance of income summary. Note: Enter debits before eredits. 12 Record the closing entry for the drawing account. Note: Enter debits before credits