The income statement for the Teal Mountain Inc. for the monthended July 31 shows Service Revenue $16,810, Salaries and Wages Expense \$8,970, Maintenance and Repairs Expense $4,020, and Income Tax Expense $1,270. The staternent of retained earnings shows an opening balance for Retained Earnings of $22,680 and Dividends $1,980. (a) Prepare closing journal entries. (If no entry is required, select "No Entry" for the account tities and enter O for the amounts Credit account titles are outomatically indented when the omount is entered. Do not indent manually) Track Module 1 Competency Assessment Part 11 - MASTERY Question 1 of 2 12.5 (To dose revenue account) July 31 (To close expense accounts) July 31 (To close net income/(loss) to retained earnings) July 31 (To close dividends to retained earnings)