American Chip Corporation's reporting year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2021 Account Title Retained earnings Sales revenue Debits Credits 82,000 770, e00 4,eee Interest revenue d Cost of goods sold Salaries expense 430,eee 120,eee 17,eee 32,eee 5,200 6,200 Rent expense Depreciation expense Interest expense Insurance expense Required: Prepare the necessary closing entries at December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Check Record the entry to close the revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Check my w Journal entry worksheet 1 2 Record the entry to close the expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021