The ledger of Cullumber Company contains the following balances: Owner's Capital $31,200, Owner's Drawings $1,700, Service Revenue $51,000, Salaries and Wages Expense $26,800, and Supplies Expense $6,000. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close drawings. Enter the balances in T-accounts, post the closing entries in the order presented in the problem and use the numbers as a reference. Salaries and Wages Expense Bal. Bal. 26800 (2) Supplies Expense 26800 6000 (2) 6000 Service Revenue (1) 51000 Bal. 51000 Owner's Drawings Bal. 1700 (4) 1700 Income Summary (1) 51000 (2) 32800 (3) 18200 Owner's Capital (4) 1700 Bal. 31200 (3) 18200 Total 47700