Question 7: Closing Entries Sole Corporation's fiscal year-end is December 31. The following is a partial adjusted trial balance as of December 31 Debit Credit $10,000 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense $1,000 $20,000 $2,500 $7,000 $2,500 $1,000 $5,000 $2,000 Required Prepare the necessary closing entries