2. Infosys had the following account balances at year end. Sales Salaries Expense Dividend Revenue Interest Expense Gain on Sale of Equipment $950,000 Rent Expense $115,000 435,000 Utilities Expense 11,000 5,500 Depreciation 26,500 9,500 Income Tax Expense 40,000 6,000 insurance Expense 22,000 Required: Prepare the closing entries for Infosys at December 31