Presented below is income statement and dividend information of the Nebraska Corporation for the year ended December 31, 2024. Sales revenue Salaries expense Dividend revenue Miscellaneous expense Loss on sale of investments Dividends $ 656,000 Cost of goods sold 93,000 Insurance expense 3,300 Depreciation expense 15,000 Administrative expense 8,300 Rent expense 8,000 Required: Prepare the necessary closing entries at December 31, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet Record the entry to close the revenue accounts. 2 Record the entry to close the expense and loss accounts. 3 Record the entry to close the dividends account. $ 370,000 23,000 21,000 38,000 13,000 EX Debit 656,000 3,300 Credit 659,300

resented below is income statement and dividend information of the Nebraska Corporation for the year ended December 31 , 2024. Required: Prepare the necessary closing entries at December 31,2024 Note: If no entry is required for a transoction/event, select "No journal entry required" in the first account field. Record the entry to close the revenue accounts. 2 Record the entry to close the expense and loss accounts. 3 Record the entry to close the dividends account