Post the closing entries to the T accounts, and determine the final balance in each account. (CE refers to revious part. If account. Enter \begin{tabular}{l|lr} \multicolumn{3}{c}{ Common Shares } \\ \hline & Bal. & 75,000 \end{tabular} (To close accounts with a debit balance) Income Sumrnary Retained Earnings (To close income summary account) Retained Earnings Dividends Deciared (To close dividend account) Account Titles and Explanation Sales Revenue Income Summary (To close accounts with a credit balance) Income Summary Cost of Goods Sold Supplies Expense Wages Expense Insurance Expense Depreciation Expense Utilities Expense Debit 751000 Retained Earnings