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 $ 528,000 87,800 7,200 12,000 9,800 290,400 15, 200 4,100 44,000 Required : Prepare the necessary closing entries at December 31, 2021. no entry is required for a transaction / event, select "No journal entry