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Current Attempt in Progress Use the following income statement for the year 2020 for Crane Company to prepare entries to close the revenue and expense accounts for the company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Service revenue $69,700 Expenses: Salaries and Wages Expense $32,800 Rent Expense 10,250 Advertising Expense 7,134 Total expenses 50,184 Net income (loss) $19,516 Account Titles and Explanation Debit Credit (To close revenue account.) (To close expense accounts.)