I need help with the red boxes. The first image is the worksheet the answers came from, the second image is of the previous answers the journal entries are using.

Problem 4-03A a-d (Part Level Submission) (Video) The completed financial statement columns of the worksheet for Blossom Company are shown as follows: Blossom Company Worksheet For the Year Ended December 31, 2020 Income Statement Account Titles Dr. Cr. Balance Sheet Account No. Dr. Cr. 101 112 8,700 10,600 2,600 23,500 130 157 158 201 4,300 8,800 2,200 19,000 212 301 306 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals Net Income 11,800 400 59,500 622 711 722 1,400 2,900 1,600 29,500 1,200 726 732 59,500 57,200 36,600 22,900 34,300 22,900 59,500 59,500 57,200 57,200 (b) Your answer is correct. Prepare the closing entries. L. Blossom did not make any additional investments during the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 59500 Income Summary 59500 (To close revenue account) Dec. 31 Income Summary 366001 Maintenance and Repairs Expense 1400 ! Depreciation Expense 2900 Insurance Expense 1600 Salaries and Wages Expense 29500 Utilities Expense 1200 (To close expense accounts) Dec. 31 Income Summary 22900 Owner's Capital 22900 (To close net income / loss)) Dec. 31 Owner's Capital 11800 Owner's Drawings 11800 (To close drawings) Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.) Owner's Capital No. 301 12/31 11800 12/31 22900 12/31 Bal. 347001 Owner's Drawings No. 306 12/31 11800||| 12/31 11800 Income Summary No. 350 12/31 36600 12/31 59500 X Bal. 59500 Service Revenue No. 400 12/31 59500 12/31 59500 Maintenance and Repairs Expense No. 622 X 12/31 1400 12/31 1400 Depreciation Expense No. 711 X 12/31 2900 12/31 2900 Insurance Expense No. 722 12/31 1600 || 12/31 1600 Salaries and Wages Expense No. 726 12/31 29500 12/31 29500