8 Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $630 were declared at the end of the year, and 590 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,910 in cash for a total at the end of the year of 810 shares). These effects are included below 75 Cash Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit $ 1,370 Accounts receivable 2,230 Interest receivable 17e Prepaid insurance 1,620 Long-term notes 2,890 receivable Equipment 15,700 Accumulated depreciation $ 3.060 Accounts payable 2,400 Dividends payable 630 Accrued expenses payable 3,740 Income taxes payable 2,640 Unearned rent revenue Common Stock (810 shares) Additional paid in capital 3.589 Retained earnings 1,870 Sales revenue 38,780 Interest revenue 150 Rent revenue 760 Wages expense 20,700 Depreciation expense 1,700 Utilities expense Insurance expense 760 Rent expense 7,880 Income tax expense 2,780 Total $58, 130 $58, 130 430 410 Prepare the closing entry at the end of the current year, (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the closing entry at the end of the current year, Notes Enter debts before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal