Presented below are selected account balances for Belle Co. as of December 31st. Sales Returns and Allowances $ 4,000 Accounts Receivable $ 25,000 Inventory 24,000 Sales 150,000 Common Stock 30,000 Cost of Goods Sold 85,000 Retained Earnings 28,000 Advertising Expense 10,000 Dividends 7,000 Interest Revenue 5,000 Depreciation Expense 20,000 Income Tax Expense 15,000 Salaries and Wages Expense 70,000 Rent Revenue 69,000 Accumulated Depreciation 40,000 Cash 12,000 Required: Prepare closing entries (in proper journal entry form) for Belle Co. on December 31st