Digital, Inc. has the following adjusted trial balance at the end of the current year. No dividends were declared. However, 500 shares ($0.10 par value per share) issued at the end of the year for $3,000 are included below. (3 points) Debit Credit Cash $ 1.500 Accounts receivable 2.200 Interest receivable 100 Prepaid insurance 1,600 Notes receivable (long-term) 2,800 Equipment 15,290 Accumulated depreciation $3,000 Accounts payable 2,400 Accrued expenses payable 3.920 Income taxes payable 2,700 Unearned rent revenue 500 Common Stock (800 shares) 80 Additional paid-in capital 3,620 Retained earnings 2,000 Sales revenue 38,500 Interest revenue 100 Rent revenue 800 Wages expense 19,500 Depreciation expense 1,800 Utilities expense 380 Insurance expense 750 Rent expense 9,000 Income tax expense 2.700 Total $57,620 $ 57,620 Prepare the closing entry at the end of the current year