The adjusted trial balance of Spatoli Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Spatoli Sign Company has a January 31 year-end. Journalize Spatoli's closing entries at January 31. 2. How much net income or net loss did Spatoli Sign Company eam for the year ended January 31? How can you tell? Requirement 1. Assume Spatoli Sign Company has a January 31 year-end. Journalize Spatoli's closing entries at January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, we will close the Service Revenue account. Date Jan. 31 Accounts and Explanation Debit Credit Data table - X Spatoli Sign Company Adjusted Trial Balance January 31, 2024 Balance Account Title Cash Office Supplies Prepaid Rent Equipment Debit Credit S 14,600 2,600 1,100 53,000 Accumulated Depreciation-Equipment $ 5,800 Accounts Payable 4,200 Salaries Payable 200 Unearned Revenue 4,500 Notes Payable (long-term) 5,100 Spatoli, Capital 41,900 Spatoli, Withdrawals 1,000 Service Revenue 18,000 Salaries Expense 4,300 Rent Expense 2,000 Depreciation Expense-Equipment 400 Supplies Expense 200 Utilities Expense 500 S 79,700 $ 79,700 Total