The income statement for Joe€™s Asphalt, Inc., for the year ended December 31, 2012, is as follows:

Dividends of $36,000 were paid on December 30, 2012.
Required:
1. Give the entry required on December 31, 2012, to properly close the income statement accounts.
2. Give the entry required to close the dividends account at December 31,2012.

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Joe's Asphalt, Inc. Income Statement For the Year Ended December 31, 2012 Sales revenue Less expenses: 5904,000 Cost of goods sold.。.。.. .. Salaries expense S726,000 144,000 10,500 7,640 9,860 22,400 Office supplies expense Insurance expense . Property tax expense Total expenses.. 920,400 S(16,400) Net loss.