The Sky Blue Corporation has the following adjusted trial balance at December 31. Cash Accounts Receivable Notes Receivable (long-term) Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries and wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Debit Credit $ 1,330 3,000 3,300 4,000 17,000 $ 4,600 6,420 1,500 3,900 800 3,400 1,400 400 51,030 400 Salaries and Wages Expense 23,600 Depreciation Expense 2,300 Utilities Expense 5,220 Insurance Expense 2,400 Rent Expense 7,000 Income Tax Expense 3,900 Total $ 73,450 $ 73,450 Required: Prepare closing journal entries on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) Answer is not complete. No 1 Date December 31 General Journal Debit Credit Sales Revenue 51,030 Rent Revenue 400 Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 23,600 2,300 5,220 2,400 7,000 3,900 2 December 31 Retained Earnings Dividends 400 400