The ledger of Martinez Company contains the following balances: Retained Earnings $31,000. Dividends $3,000,5 ervice Revenue $49,000, Salaries and Wages Expense $27,500, and Supplies Expense $6,500. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Enter the balances in T-accounts, and post the closing entries. Income Summary