-(To close accounts with credit balance)

-(To close accounts with debit balance)

-(To close net income/(loss))

-(To close unrealized gain or loss)

-(To close dividends)

Selected accounts for Teal Mountain Inc. as at December 31, 2017, are as follows: Inventory $61,800 Sales Discounts FV-NI Investments 21,000 Sales Returns and Allowances FV-OCI Investments 10,050 Cost of Goods Sold Retained Earnings 43,300 Administrative Expenses Dividends 17,900 Income Tax Expense Accumulated Other Comprehensive Income 16,600 Investment Income Sales Revenue 389,200 Unrealized Gain or Loss-OCI (Debit Balance) $4,960 1,660 229,000 31,100 29,250 2,820 1,750 Prepare closing entries for Teal Mountain Inc. on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)