The July 31, 2018 adjusted trial balance of Anderson Company is found below:

Cash	$1,000
Accounts receivable	1,500
Supplies	500
Notes receivable	600
Equipment	32,000
Accumulated depreciation - equipment		$14,000
Land	58,000
Accounts payable		500
Notes payable		1,000
Mortgage payable		30,000
Common shares		100
Retained earnings		32,000
Dividends	2,000
Repairs revenue		55,000
Wages expense	20,000
Supplies expense	1,000
Depreciation expense	3,000
Maintenance expense	5,000
Interest expense	2,000
Income tax expense	6,000
Totals	$132,600	$132,600

Required:

Prepare a closing entry/entries for the company.