The following accounts relate to Blue Corporation: Cash 50,000 Accounts receivable 25,000 Building 99,000 Accumulated Depreciation 10,000 Intangible assets 45,000 Other Assets 10,000 Current Liabilities 18,000 Long-term Liabilities 5,000 Withdrawals 25,000 Capital 67,000 Commissions Revenue 100,000 39,000 Rent Expense Insurance Expense 60,000 REQUIRED: Prepare the necessary closing entries based on the aforementioned information.