The ledger of Rios Company contains the following balances: Retained Earnings $32,000: Dividends $2,000; Service Revenue $49,500: Salaries and Wages Expense $29,000; and Supplies Expense $7,500. The closing entries are as follows: (1) (2) (3) (4) Close revenue accounts. Close expense accounts. Close net income/(loss) Close dividends Enter the balances in the T-accounts, post the closing entries in the order presented in the problem and use the numbers as a reference Service Revenue Income Summa Retained Earni