The income statement for Pierre Paul Company for the year ended December 31, 2020 is as follows: PIERRE PAUL COMPANY Income Statement For the Year Ended December 31, 2020 Revenues Sales revenue Interest revenue $53,000 4,000 Total revenues $57,000 Expenses Cost of goods sold 30,000 Salaries and wages expense 18,000 Interest expense 1,500 Total expenses 49,500 $7,500 Net Income Pranare the entries to close the revenue and expense accounts at December 31, 2020. (Credit account titles are automatically in