The income statement for Pina Colada Company for the year ended December 31, 2020 is as follows: PINA COLADA COMPANY Income Statement For the Year Ended December 31, 2020 Revenues Sales revenue Interest revenue Total revenues Expenses Cost of goods sold 33.600 Salaries and wages expense 20.160 Interest expense Total expenses Net Income $59.360 4,480 $63,840 1,680 55.440 $8.400 Prepare the entries to close the revenue and expense accounts at December 31, 2020. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually Prepare the entries to close the revenue and expense accounts at December 31, 2020. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Dec. 31 (To close revenue.) (To close expense) Debit Credit