Presented below is income statement information of the Schefter Corporation for the year ended December 31, 2021. Sales revenue Salaries expense Interest revenue Advertising expense Gain on sale of investments Cost of goods sold Insurance expense Interest expense Income tax expense Depreciation expense $ 480,000 75,000 6,000 10,5ee 8,eee 264,000 12,500 3,5ee 35, een 20,000 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.) View transaction list Journal entry worksheet 1 2 Record the entry to close the revenue accounts. Note: Enter debits before credits Date General Journal Debit Credit Presented below is income statement information of the Schefter Corporation for the year ended December 31, 2021. Sales revenue Salaries expense Interest revenue Advertising expense Gain on sale of investments Cost of goods sold Insurance expense Interest expense Income tax expense Depreciation expense $ 480, eee 75, eee 6,000 10,5ee 8,eee 264, eee 12,500 3,500 35,000 20,000 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.) View transaction list Journal entry worksheet