The adjusted trial balance for Yondel Company at December 31, 2021 is presented below:

Accounts	Debit				Credit
Cash	$	9,000
Prepaid rent		22,000
Land		435,000
Accounts payable					$	15,000
Salaries payable						19,000
Common stock						200,000
Retained earnings						205,000
Dividends		13,000
Service revenue						300,000
Salaries expense		210,000
Rent expense		23,000
Utilities expense		27,000
Totals	$	739,000			$	739,000

Prepare the closing entries for Yondel Company for the year ended December 31, 2021.