Question Troy Company presents the information from its financial statements for the year ended December 31, 2020: Cash Accounts receivable $ 5,000 78,000 Inventory 57,000 Accounts payable 19,000 Bonds payable 100,000 Sales revenue 467,000 Gain on sales of investments 8,000 Cost of goods sold 317,000 Salaries expense 88,000 Interest expense 9,000 Income tax expense 16,000 Prepare Troy's closing entries at December 31, 2020.