An Adjusted Trial Balance for Tiger Inc., at December 31 appears below. Prepare journal entries to close the accounts.

Tiger , Inc Adjusted Trial Balance December 31 20 Cash $33 750 Accounts receivable 175 090 Office equipment 262 500 Accumulated depreciation office equipment 850.000 Accounts payable 100 000 Income taxes payable 50.000 Capital stock 125.000 Retained earnings 100.000 Dividends 42 , 500 Sales commissions earned 542. 500 Advertising expense 80,000 Rent expense 110.000 Salaries expense 1 12.500 Utilities expense 76 , 250 Depreciation expense office equipment 25000 Income taxes expense 50.090 967 500 967 500