The following account balances were taken from Long Life Consultings year-end adjusted trial balance (assume these are the companys only temporary accounts). Consulting fees earned $320,000 Interest revenue 4,000 Insurance expense 18,000 Rent expense 60,000 Depreciation expense: office equipment 36,000 Salaries expense 220,000 Dividends 9,000 Prepare the companys necessary closing entries.