Cost of Goods Sold $ 380,000 Accumulated DepreciationBuilding Accounts Payable 22,000 Cash Rent Expense $ 39,000 55,000 685,000 8,000 51,000 16,000 Building 30,000 Sales Revenue 110,000 Depreciation ExpenseBuilding 112,000 Dividends 50,600 Interest Revenue 261,600 Common Stock Retained Earnings Merchandise Inventory Notes Receivable 29,000 Rockwell RV Center's accounting records include the following accounts at December 31, 2018. E: (Click the icon to view the accounts and balances.) Requirements 1. Journalize the required closing entries for Rockwell. 2. Determine the ending balance in the Retained Earnings account. Requirement 1. Journalize the required closing entries for Rockwell. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing the revenue accounts for the period. Do not close expenses; we will do this in the next step. Date Accounts and Explanation Debit Credit Dec. 31 Close expenses for the period. Date Accounts and Explanation Debit Credit Dec. 31 Close Income Summary. Date Accounts and Explanation Debit Credit Dec. 31 Close Dividends. Date Accounts and Explanation Debit Credit Dec. 31