The ledger of Sheffield Company contains the following balances: Retained Earnings $28,000, Dividends $2,500, Service Revenue $49,000, Salaries and Wages Expense $29,000, and Supplies Expense $7,000. 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. Bal : Salaries and Wages Expense 29000 Supplies Expense 29000 Bal. 4 7500 (2) 7500 Service Revenue (1) # 48000 48000