Presented below is income statement information of the Nebraska Corporation for the year ended December 31, 2018.

Sales Revenue	836,000	Cost of goods sold	445,000
Salaries expense	108,000	Insurance expense	38,000
Dividend revenue	4,800	Depreciation expense	36,000
Miscellaneous	30,000	Income tax expense	53,000
Loss on sale of investments	9,800	Rent expense	28,000

Required:

Prepare the necessary closing entries at December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Record the entry to close the revenue and losses using the income summary.

Date	General Journal	Debit	Credit
December 31, 2018

Record the entry to close the expense accounts using the income summary.

Date	General Journal	Debit	Credit
December 31, 2018

Record the entry to close the income summary account.

Date	General Journal	Debit	Credit
December 31, 2018