The adjusted trial balance for Hawkeye Company at December $31$st$,2024$ is presented below:

Accounts Debit Credit

Cash. $$6,000$

Prepaid rent. $23,000$

Land. $430,000$

Accounts Payable. $$13,000$

Salaries Payable. $15,000$

Common stock. $250,000$

Retained earnings. $129,000$

Dividends. $10,000$

Service revenue. $310,000$

Salaries expense. $190,000$

Rent expense. $26,000$

Utilities Expense. $32,000$

Total $$717,000.$ $$717,000$

Prepare the closing entries for Hawkeye Company for the year ended December $31$st$,2024$