how do I prepare the closing entry?

BE 2-12 Closing entries LO2-8 The year end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances retained earnings $220,000, dividends, $12,000; sales revenue, $850,000; cost of goods sold, $580,000, salaries expense, $180,000, rent expense, $40,000, and interest expense, $15,000. Prepare the necessary closing entries