Here is ABC Cоmpаny's Incоme Stаtement: ABC Cоmpаny Income Statement For the Year ended December 31 Sales $615 Cost of Goods Sold 445 Gross Margin 170 Depreciation Expense 15 Loss on Sale of Land 40 Income before income taxes 115 Income Tax Expense 35 Net Income 80 The “closing” of the Income Statement at the end of the year will have which of the following effects?