Question 9 of 10 < > -/1 Sunland Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2021: Accounts payable 13,100 Accounts receivable 28,100 Income tax payable Insurance expense $ 4,700 3,600 Accumulated depreciation-equipment 5,400 Prepaid insurance 2,300 Cash 18,000 Rent expense 5,800 Common shares 20,300 Retained earnings 20,600 Depreciation expense 4,500 Salaries expense 46,300 Dividends declared 2,100 Salaries payable 3,000 Equipment 23.200 Supplies 900 Fees earned Income tax expense 89,000 4,700 Supplies expense 4,200 Utilities expense 2,400 III Prepare the closing journal entries. (List all debit entries before credit entries. Credit account tittles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Feb. 28 28 (To close revenue account.) Debit Credit