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Use the following income statement for the year 2011 for Melges Company to prepare entries to close the revenue and expense accounts for the company

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Use the following income statement for the year 2011 for Melges Company to prepare entries to close the revenue and expense accounts for the company.
Service revenue €90,300
Expenses:
Salaries Expense €40,000
Rent Expense 25,000,
Insurance Expense   6,500
Total expenses   71,500
Net income (loss) €18,800