Selected accounts for Winslow Inc. as at December 31, 2014, are as follows:

Inventory $61,240 Sales Discounts $5,220 FV-NI Investments 21,400 Sales Returns and Allowances 1,650 FV-OCI Investments 11,840 Cost of Goods Sold 227,690 Retained Earnings 43,160 Administrative Expenses 30,850 Dividends 17,750 Income Tax Expense 29,770 Accumulated Other Comprehensive Income 16,450 Investment Income 3,500 Sales Revenue 393,850 Unrealized Gain or Loss-OCI (Debit Balance) 1,680

Prepare closing entries for Winslow Inc. on December 31, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)