Required: Prepare the closing entries for Sparrow at December 31, 2019. If an amount box does not require an entry, leave it blank. (Close expenses) Dec. 31 Income Summary 99,800 Retained Earnings 2,255 (Close Income Summary) Dec. 31 Retained Earnings 2,255 Dividends (Close Dividends) Required: Prepare the closing entries for Sparrow at December 31, 2019. If an amount box does not require an entry, leave it blank. (Close expenses) Dec. 31 Income Summary 99,800 Retained Earnings 2,255 (Close Income Summary) Dec. 31 Retained Earnings 2,255 Dividends (Close Dividends)