The December 31, 2019 adjusted trial balance for Camptown Company is shown below.

	Debit	Credit
Cash	$12,600
Accounts receivable	2,400
Prepaid rent	800
Inventory	28,000
Accounts payable		$4,200
Salary payable		1,000
Notes payable		800
Capital		13,800
Drawing	1,000
Sales revenue		96,000
Sales returns and allowances	1,600
Sales discounts	400
Cost of goods sold	25,000
Salary expense	21,000
Rent expense	22,500
Supplies expense	500
Total	$115,800	$115,800

Using the information above prepare an income statement in single-step format and the closing entries for Camptown Company.