BusinessCourse Return to course Course Content / Chapter 2 / Chapter 2 Homework Chapter 2 Homework Preparing Closing Entries income statement amounts. \begin{tabular}{|l|r|} \multicolumn{1}{|c|}{ Account } & \multicolumn{1}{c|}{ Bal. } \\ \hline Sales & $137,500 \\ \hline Service revenue & 2,500 \\ \hline Operating expenses & 30,000 \\ \hline Income tax expense & 6,250 \\ \hline Costs of goods sold & 66,250 \\ \hline Interest expense & 5,000 \\ \hline Dividends & 13,750 \\ \hline \end{tabular}