The items that follow appeared in the Income Statement columns of the work sheet prepared for The Sweet Shoppe at year-end. Also, the owner's withdrawal account was debited for $15,000 during the year ended December 31. Prepare closing journal entries for the business. Revenue from services Income Statement $107,000 Office salaries expense $25,000 Rent expense 12,500 Insurance expense 1,900 Office supplies expense 1000 Amortization expense, office 3,400 equipment $43,800 $107,000 Net income: 63,200 $107,000 $107,000