1. Prepare closing entries using the information below: Service Revenue: $80,000; Advertising Expense: $6,000; Depreciation Expense: $12,000; Utilities Expense: $3,000; Salaries Expense: $32,000; Interest Expense: $2,000; Insurance Expense: $4,000; Miscellaneous Expense: $500; Dividends: $3,000. Date Accounts Ref. Debit Credit II. Prepare closing entries using the information below: Service Revenue: $100,000; Advertising Expense: $15,000; Utilities Expense: $10,000; Salaries Expense: $65,000; Interest Expense: $12,000; Insurance Expense: $3,500; Miscellaneous Expense: $3500; Dividends: $5000. Date Accounts Ref. Debit Credit