4. Following is the year-end adjusted trial balance for Yakima's Sporting Goods for the current year:

YAKIMAS SPORTING GOODS Adjusted Trial Balance December 31
	Dr	Cr
Cash	$ 67,400
Accounts receivable	46,000
Merchandise inventory	50,000
Office supplies	800
Accounts payable		16,000
Salaries payable		850
Common stock		50,000
Retained earnings		75,530
Dividends	5,000
Sales		500,000
Sales returns and allowances	4,500
Sales discounts	4,250
Cost of goods sold	382,450
Sales salaries expense	44,000
Advertising expense	8,150
Office salaries expense	24,325
Office supplies expense	450
Interest expense	5,055
Totals	$642,380	$642,380

Prepare the closing entries at December 31 for the current year.