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Your answer is partially correct. The ledger of Carla Vista Company contains the following balances: Owner's Capital $ 29,400, Owner's Drawings $ 2,100, Service Revenue $ 50,000, Salaries and Wages Expense $ 27.500, and Supplies Expense $ 6,300. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Service Revenue 50.000 50,000 Income Summary (To close revenue account) Income Summary 34,000 Salaries and Wages Expense 27,700 6300 Supplies Expense (To close expense accounts) 16.000 Income Summary 14 DA TE 16.000 Owners Catal (To close net incomel (loss)) 1.600 Owner's Capital 1,600 Owners Or (To close drawings) e Textbook and Media