Hamilton Realty Company€™s income statement accounts at the end of its fiscal year, December 31, follow. Prepare the required closing entries. Lewis Hamilton is theowner.

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Account Name Commission Revenue Wages Expense Rent Expense Supplies Expense Insurance Expense Depreciation Expense -Office Equipment1345 Debit Credit $25,620 $8,110 1,200 4,260 915 Total Expenses Net Income 15,830 9,790