From the data below for the Sorta Company, prepare the closing entries for the year ended December 31, 20-- Cash dividends $105,000 Sales 987,000 Sales returns and allowances 5,200 Interest revenue 3,700 Factory overhead (debit) 205,300 Factory overhead (credit) 205,300 Cost of goods sold 674,200 Wages expense 112,000 Supplies expense 5,300 Depreciation expense-office equipment 4,200 Utilities expense 5,700 Bad debt expense 1,300 Advertising expense 6,300 Interest expense 4,700 Income tax expense 61,950 GENERAL JOURNAL Page 1 Pos t Ref. Date Description Debit Credit