The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. \begin{tabular}{lrr} Account Title & Debits & Credits \\ Cash & $57,700 & \\ Accounts receivable & 270,000 & \\ Prepaid rent & 7,000 & \\ Inventory & 39,000 & \\ Office equipment & 490,000 & \\ Accumulated depreciation & & 206,000 \\ Accounts payable & & 48,000 \\ Notes payable (due in six months) & & 27,000 \\ Salaries payable & & 6,400 \\ Interest payable & & 900 \\ Common stock & & 90,000 \\ Retained earnings & & 640,000 \\ Sales revenue & 384,000 & \\ Cost of goods sold & 96,000 & \\ Salaries expense & 21,000 & \\ Rent expense & 49,000 & \\ Depreciation expense & 1,800 & \\ Interest expense & 2,800 & \\ Advertising expense & & \\ Totals & $1,418,300 & $1,418,300 \\ \hline \end{tabular} Prepare an income statement for the year ended December 31, 2024. Record the entry to close the expense accounts. Note: Enter debits before credits