Presented below are selected account balances for Splish Co. as of December 31, 2020. Inventory 12/31/20 $59,030 Cost of Goods Sold $224,679 Common Stock 76,110 Selling Expenses 16,230 Retained Earnings 45,580 Administrative Expenses 38,719 Dividends 18,337 Income Tax Expense 30.480 Sales Returns and Allowances 11,914 Sales Discounts 15,020 Sales Revenue 417,650 Prepare closing entries for Splish Co. on December 31, 2020. (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 O for the amounts.) No. Account Titles and Explanation Debit Credit 1. (To close accounts with credit balances) 2. IU LIUJ ALLUULILJ VVILI ILI LUI VOCILEJI 2. (To close accounts with debit balances) 3. (To close net income / (loss)) - 4. (To close dividends)