QUESTION 2 The following information is available for Siler Company Sd Bhd.: Credit Debit RM 20,000 Common Stock Retained Earnings RM 30,000 Dividends RM 32,000 Sales 510,000 Sales Returns and Allowances 7,000 20,000 Sales Discounts Cost of Goods Sold 347,000 Freight-out 2,000 Advertising Expense Interest Expense 15,000 19,000 Store Salaries Expense Utilities Expense Depreciation Expense 45,000 18,000 7,000 25,000 Interest Revenue REQUIRED: Using the above information, prepare the closing entries for Siler Company Sdn. Bhd