Presented below are selected account balances for Rolling Yarn Co. as of December 31, 20X1. Prepaid rent Insurance expense Cash Accumulated depreciation Bad debt expense $22,600 Interest receivable 3.500 Salaries and wages expense 5,600 Sales revenue 34,100 Dividends 8,800 Accounts payable $ 6,400 38,300 47,900 2,000 14,900 Prepare closing entries below for Rolling Yarn Co. on December 31, 20X1 (not all lines may be needed). Show all 4 steps