provide the correct answer for the boxes colored red.

The ledger of Pharoah Company contains the following balances: Owner's Capital $29.200, Owner's Drawings $2.700, ServiceRevenue $51,000, Salaries and Wages Expense $25,300, and Supplies Expense $7,300.The closing entries are as follows:(1) Close revenue accounts.(2) Close expense accounts.(3) Close net income/(loss).(4) Close drawings.Enter the balances in T-accounts, post the closing entries in the order presented in the problem and use the numbers as a reference.Salaries and Wages ExpenseBal25,300Supplies Expense(2]7,300Service Revenue(1]51,000Owner's Drawings(4)V2,700