Process year-end closing journal entries for the following company:

					Jan - Dec 22
Ordinary Income/Expense
		Expense
			Depreciation Expense		14,109.00
			Dues and Subscriptions		243.75
			Engineering Services		4,604.00
			Insurance Expense
				Property Insurance	1,936.53
				Insurance Expense - Other	2,804.55
			Total Insurance Expense		4,741.08
			Interest Expense
				Business Loan Interest	12,057.78
			Total Interest Expense		12,057.78
			Repairs and Maintenance
				Lawn	1,065.00
				Repairs and Maintenance - Other	17,053.76
			Total Repairs and Maintenance		18,118.76
		Total Expense			53,874.37
Net Ordinary Income					-53,874.37
Other Income/Expense
	Other Income
		Rental Income			28,000.00
	Total Other Income				28,000.00
Net Other Income					28,000.00
					-25,874.37

would the following JE's be correct to close they year?

	Closing Entries
J/E #1	Rental Income	28,000.00
	Income Statement		28,000.00
J/E#2	Income Summary	53,874.37
	Depreciation Expense		14,109.00
	Dues and Subscriptions		243.75
	Engineering Services		4,604.00
	Property Insurance		1,936.53
	Insurance Expense - Other		2,804.55
	Business Loan Interest		12,057.78
	Lawn		1,065.00
	Repairs and Maintenance - Other		17,053.76
J/E#3	Income Summary		25,874.37
	Retained Earnings	25,874.37