The ledger of Sunland Company contains the following balances: Owner's Capital $31,200, Owner's Drawings $1,200, Service Revenue $52,000, Salaries and Wages Expense $28,500, and Supplies Expense $6,800. Prepare the closing entries at December 31. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) (To close expense accounts) Dec. 31 (To close net income/ (loss)) Dec. 31 (To close drawings)