Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close income statement accounts with credit balances.) Dec. 31 The following is information from Crystal Company's adjusted trial balance at December 31, 2021: Debit Credit Cash $76,000 Notes receivable 102,000 Merchandise inventory 69,000 Equipment 443,200 Accumulated depreciation-equipment $132,960 Unearned revenue 8,400 Notes payable 150,960 L. Crystal, capital 235,000 L. Crystal, drawings 142,000 Interest revenue 10,000 Rent revenue 25,000 Sales 1,990,000 55,000 Advertising expense Cost of goods sold 850,000 Depreciation expense 44,320 Freight out 26,000 Insurance expense 15,000 Interest expense 10,300 Salaries expense 650,000 Sales discounts 9,500 Sales returns and allowances 60,000 $2,552,320 $2,552,320