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Presented below is Income statement Information of the Schefter Corporation for the year ended December 31, 2021. Required: Prepare the necessary closing entrles at December

image text in transcribed Presented below is Income statement Information of the Schefter Corporation for the year ended December 31, 2021. Required: Prepare the necessary closing entrles at December 31, 2021. (If no entry Is requlred for a transaction/event, select "No journal entry requlred" In the flrst account fleld.)

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