value: 2.00 points The Sky Blue Corporation has the following adjusted trial balance at December 31 Debit Credit Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable ncome Taxes Payable Unearned Revenue Common Stock Retained Eamings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income lax Expense $1,230 2,000 2,300 3,000 12,000 S 2,600 5,420 1,000 2,900 600 2,400 1,000 300 42,030 300 21,600 1,300 4,220 1,400 6,000 2,900 Total $58,250 S58,250 Prepare closing journal entries on December 31. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the closing entry for dividends Note: Enter debits before credits. Date General Journal Debit Credit Dec 31