The adjusted trial balance for Jackson Corp at December 31, 2021, is presented below:

	Debit	Credit
Cash	21,000
Accounts receivable	150,000
Prepaid rent	5,000
Inventory	50,000
Equipment	600,000
Accumulated depreciationequipment		250,000
Accounts payable		60,000
Notes payabledue in three months		60,000
Salaries payable		8,000
Interest payable		2,000
Common stock		400,000
Retained earnings		100,000
Sales revenue		800,000
Costs of goods sold	360,000
Salaries expense	240,000
Rent expense	30,000
Depreciation expense	60,000
Interest expense	4,000
Advertising expense	5,000	_______
Totals	1,680,000	1,680,000

Prepare the closing entries for Jackson Corp for the year ended December 31, 2021.