Gmail University Proctoring Enabled: W23 1126 Final Exam - April. Saved Help Save & Exit Subn Spicer inc. showed the following alphabetized list of adjusted account balances at December 31, 2023: 20 Accounts Payable $ 26,760 Accounts Receivable 40, 200 Accumulated depreciation, Equipment 11, 140 Accumulated depreciation, Warehouse 22, 280 Cash 9, 400 Cash Dividends 20, 600 Common Shares 122, 000 oints Equipment 79, 400 Income Tax Expense 41, 600 02:45:15 Land 127, 600 Notes Payable, due in 2026 34, 600 Operating Expenses 110, 200 Preferred Shares 40, 200 Retained Earnings 28, 720 Revenue 282, 100 Warehouse 138 , 800 The company uses an income summary account in the closing process. Required: 1. Assuming normal balances, prepare the closing entries at December 31, 2023, the company's year-end