PART B - Question 6 (12 marks) The items that follow appeared in the Income Statement columns of the work sheet prepared for a sole proprietorship at year-end. Also, the owner's withdrawal account was debited for $12,000 during the year ended December 31. Prepare closing journal entries for the business. Revenue from services Office salaries expense Rent expense Insurance expense Office supplies expense Amortization expense, office equipment Income Statement $97,400 $28,100 13,800 1,700 800 4,800 $97,400 Net income $49,200 48,200 $97,400 $97,400