Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 were declared at the end of the year, and 610 additional shares of common stock (50.10 par value per share) were issued at the end of the year for $2.940 in cash (for a total at the end of the year of 810 shares). These effects are included below. Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,390 Accounts receivable 2,240 Interest receivable 260 Prepaid insurance 1,700 Long-term notes receivable 2,820 Equipment 16,000 Accumulated depreciation $ 3,010 Accounts payable 2,220 Dividends payable Accrued expenses payable 3,810 Income taxes payable 2,600 Unearned rent revenue 530 Common Stock (810 shares) 81 Additional paid in capital 3,539 Retained earnings 1,480 Sales revenue 38,050 Interest revenue Rent revenue 750 Wages expense 19,000 Depreciation expense 1,700 Utilities expense 350 Insurance expense 750 Rent expense 8,000 Income tax expense 2,730 Total $ 56,940 $ 56,940 620 250 Prepare the closing entry at the end of the current year. (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 Record the closing entry at the end of the current year. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal