Presented below are selected account balances for Homer Winslow Co. as of December 31, 2014. Inventory 12/31/14 $63,110 Cost of Goods Sold $227,920 Common Stock 75,210 Selling Expenses 17,020 Retained Earnings 49,000 Administrative Expenses 38,280 Dividends 18,010 Income Tax Expense 32,390 Sales Returns and Allowances 13,920 Sales Discounts 15,360 Sales Revenue 412,740 Prepare closing entries for Homer Winslow Co. on December 31, 2014. (Credit account titles are autor entered. Do not indent manually. If no entry is required, select "No entry" for the account titles No. Account Titles and Explanation Debit Credit 1. (To close accounts with credit balances) 2 (To close accounts with debit balances) 3. (To close net income / (loss)) (To close dividends)