Presented below are selected account balances for Snow Co. as of December 31st. Salaries and Wages Expense 250,000 Cost of Goods Sold 410,000 Interest Revenue 12,000 Common Stock 80,000 Retained Earnings 74,000 Loss of Sale of Equipment 14,000 Depreciation Expense 75,000 Building 300,000 Inventory 105,000 Sales 750,000 Dividends Sales Returns 30,000 32,000 Income Tax Expense 35,000 Notes Receivable 90,000 Maintenance Expense 46,000 Accumulated Depreciation - Building 80,000 Required: Prepare the necessary closing entries (in proper journal entry form) on December 31st