The ledger of Novak Company contains the following balances Retained Earnings $ 30,400, Dividends $ 1.900; Service Revenues 48,000: Salaries and Wages Expense $ 25.400; and Supplies Expense $6.700 Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Service Revenue Credit Dec. 31 48000 4000 Income Summary (To dose revenue account) Dec 31 Income Summary 32100 Stories and Wes Expert 25400 Supplies Expense 6700 (To dose expense accounts) (To close expense accounts) Dec 31 Income Summary 15900 Retained Earnings 15900 (To close net income (loss)) Dividends Dec. 31 Retained Earnings (To close dividends)