Prepare a statement of income for the year ended December 31, 2024. (Enter loss amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Your assistant prepared the following adjusted trial balance data for Oriole Company on December 31, 2024. The accounts are arranged in alnhabetical order. (To close accounts with a credit balance) Expenses Cost of Goods Sold Insurance Expense Wages Expense Utilities Expense Selling Expenses Supplies Expense Depreciation Expense Miscellaneous Expenses Interest Expense Total Expenses Income before Income Taxes Income Tax Expense $ 88,000 \begin{tabular}{|l|l|} \hline 1,360 & i \\ \hline \end{tabular} \begin{tabular}{|r|r|} \hline(6,400) & i \\ \hline \end{tabular} (To close accounts with a debit balance) (To close income summary account) (To close dividend account) Prepare the closing entries. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)