Presented below is income statement and dividend information of the Nebraska Corporation for the year ended December 31, 2021.

Sales revenue	$	668,000		Cost of goods sold	$	375,000
Salaries expense		94,000		Insurance expense		24,000
Dividend revenue		3,400		Depreciation expense		22,000
Miscellaneous expense		16,000		Administrative expense		39,000
Loss on sale of investments		8,400		Rent expense		14,000
Dividends		9,000

Required: Prepare the necessary closing entries at December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)