The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings. $240,000; dividends. $20,000: sales revenue, $830,000: cost of goods sold. $530,000: salaries expense, $200,000; rent expense, $44.000; and interest expense, $19.000. Prepare the necessary closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 53 View transaction list Journal entry worksheet