Below is the trial balance for the company. BEFORE closing entries are made for the year.

Accounts Payable	150
Accounts Receivable	325
Cash	140
Contributed Capital	1,000
Cost of Goods Sold	1,450
Dividends	70
Equipment	900
Insurance Expense	235
Inventory	850
Long-term Debt	1,375
Prepaid Insurance Expense	100
Rent Revenue	500
Retained Earnings (beginning)	225
Sales Revenue	1,500
Deferred Rent Revenue	40

Using the information above, which ONE of the following would appear in the closing entries for the year?

Debit Deferred Rent Revenue $40

Credit Sales Revenue $1,500

Credit Cost of Goods Sold $1,450

Debit Cost of Goods Sold $1,450

Credit Prepaid Insurance Expense $100