E4.22 (Static) Recording A Closing Entry LO4.4 Green Volley Compony prepored the following trial bolsnce st the end of its first year of operotions ending December 31. To simplify the cose, the omounts given are in thousands of dollars. Other dato not yet recorded at December 31 include . Insurance expired during the current year, $6. b. Woges poyable, $4. c. Deprecistion expense for the current year, $9. d. Income tox expense, $7. Required: 2 Using the sdjusted bolonces, prepore the closing entry for the current year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers In thousands. Journal entry worksheet Record the closing entry for current year. Note: Enter debits befare crecits