Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2020: Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends $ 25,460 38,900 10,490 20,980 8,100 19,300 Common Shares 109,000 Equipment 78,100 Income Tax Expense 40,300 Land 114,600 Notes Payable, due in 2023 33,300 Operating Expenses 108,900 Preferred Shares 38,900 Retained Earnings 27,420 Revenue Warehouse 268,450 125,800 The company uses an income summary account in the closing process. Required: 1. Assuming normal balances, prepare the closing entries at December 31, 2020, the company's year-end. Journal entry worksheet 1 2 3 4 Record to close the revenue account to the income summary. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Record entry Clear entry View general journal kipped View transaction list Journal entry worksheet < 1 2 3 4 Record to close the expense accounts to the income summary. Print Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Clear entry View general journal Record entry 6 25 points View transaction list Journal entry worksheet < 1 2 3 4 Skipped Record to close the income summary to retained earnings. Print Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Record entry Clear entry View general journal 6 25 points Slapped Pont 1. Assuming normal balances, prepare the closing entries at December 31, 2020, the company's year-end. View transaction list Journal entry worksheet < 1 2 3 Record to close the Cash Dividends account to Retained Earnings. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Record entry Clear entry View general journal