Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $695 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,380 in cash (for a total at the end of the year of 990 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Cash Debit Credit $1,595 Accounts receivable Interest receivable 2,390 138 Prepaid insurance 1,790 Long-term notes receivable. 3,750 Equipment 17,190 Accumulated depreciation $3,380 Accounts payable 2,780 Dividends payable 695 Accrued expenses payable 4,110 Income taxes payable. 1,908 Unearned rent revenue Common Stock (990 shares) Additional paid-in capital Retained earnings 595 99 3,810 1,780 Sales revenue 42,870 Rent revenue 895 Interest revenue 138 Wages expense 21,400 Depreciation expense 2,180 Utilities expense 456 Insurance expense 921 9,380 1,870 $63,060 $63,060 Rent expense Income tax expense Total Prepare the closing entry at the end of the current year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.