Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 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 $3,000 in cash (for a total at the end of the year of 800 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $1,500 Accounts receivable 2,200 Interest receivable 100 Prepaid insurance 1,600 Long-term notes receivable 2,800 Equipment 15,290 Accumulated depreciation $3,000 Accounts payable 2,400 Dividends payable 600 Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (800 shares) Additional paid-in capital Retained earnings Sales revenue 3,920 1,680 500 80 3,620 1,400 38,500 Rent revenue 800 Interest revenue 100 Wages expense 19,500 Depreciation expense 1,800 Utilities expense 380 Insurance expense 750 Rent expense 9,000 1,680 $56,600 $56,600 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.