Salaries and Wages Expense 18,000 REQUIRED: Prepare the necessary closing entries based on the aforementioned information. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). T T T Arial 3 (12pt) V Date: Debit Credit 1. Sales Revenue $50,000 Income Summary $50,000 2. Income Summary $22,000 Depreciation expense $4,000 Salaries and Wages expense $18,000 3. Capital $28,000 Income Summary $28,000 4. Capital |$12,000 Withdrawals $12,000 Question Completion Status: QUESTION 1 The following accounts relate to Blue Corporation: Cash 50,000 Accounts receivable 25,000 Building 99,000 Accumulated Depreciation 10,000 Intangible assets 45,000 Other Assets 10,000 Withdrawals 12,000 Capital 67,000 Sales Revenue 50,000 Depreciation Expense 4,000 Salaries and Wages Expense 18,000 Click Save and Submit to save and submit. Click Save All Answers to so