please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

The adjusted trial balance for Indigo Developments as of March 31, 2025, is as follows. Debit Credit Cash $56.900 Accounts Receivable 179.700 Prepaid Insurance 5,900 Equipment 401,900 Accumulated Depreciation-Equipment $120,900 Accounts Payable 32,900 Unearned Service Revenue 5,900 Salaries and Wages Payable 11,900 Common Stock 103,900 Retained Earnings 89,700 Dividends 21,900 Service Revenue 958,700 Interest Revenue 20,800 Depreciation Expense 50.900 Salaries and Wages Expense 561,800 Utilities Expense 9,900 Insurance Expense 12,900 Income Tax Expense 42.900Prepare the closing entries. (List all debit entries before credit entries. If no entry is required, select "No Entry\" for the occount titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 [To close revenue accounts) Mar. 31 (T close expense accounts) Mar. 31 (T close net income to retained earnings) Mar. 31 (T close dividends to retained sarmings)