The ledger of Simms Company includes the following accounts with normal balances: P. Simms, Capital $18,000; P. Simms, Withdrawals $1,600; Services Revenue $26,000; Wages Expense $16,800; and Rent Expense $3,200. Prepare the necessary closing entries from the available information at December 31.What is the closing entry for Revenue? Expense? Income Summary? and Withdrawals?