The following is information from Crystal Company's adjusted trial balance at December 31, 2021: Debit Credit Cash $76,000 Notes receivable 101,000 Merchandise inventory 70,000 Equipment 450,600 Accumulated depreciation-equipment $135,180 Unearned revenue 8,600 Notes payable 168,880 L. Crystal, capital 235,000 L. Crystal, drawings 144,000 Interest revenue 11,000 25,000 Rent revenue Sales 1,980,000 Advertising expense 57,000 Cost of goods sold 850,000 Depreciation expense 45,060 Freight out 25,000 - BUSA-2205 NE X Chapter 5 Assignment .com / ments 657282 Unearned revenue 8,600 Notes payable 168,880 L. Crystal, capital 235,000 L. Crystal, drawings 144,000 Interest revenue 11,000 Rent revenue 25,000 Sales 1,980,000 Advertising expense 57,000 Cost of goods sold 850,000 Depreciation expense 45,060 Freight out 25,000 16,000 Insurance expense Interest expense 10,100 Salaries expense 650,000 9,900 Sales discounts Sales returns and allowances 59,000 $2,563,660 $2,563,660 (61) Prepare closing entries. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required led "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close income statement acco redit balances) Dec. 31