Following Is the Year-End Adjusted Trial Balance for Yakima's Sporting

Following is the year-end adjusted trial balance for Yakima's Sporting Goods for the current year:
$\begin{array}{c}\text { YAKDMA'S SPORTING GOODS}\\\text { Adjusted Trial Balance}\\\text { December 31}\\\begin{array}{|l|r|r|}\hline& \mathrm{Dr} & \mathrm{Cr} \\ \hline \text { Cash } & \$ 67,400 & \\\hline \text { Accounts receivable } & 46,000 & \\\hline \text { Merchandise inventory } & 50,000 & \\\hline \text { Office sunnlies } & 800 &\\\hline \text { Accounts payable } & & 16,000 \\\hline \text { Salaries payable } & & 850 \\\hline \text { Common stock } & & 50,000 \\\hline \text { Retained earnings } & & 75,530 \\\hline \text { Dividends } & 5,000 & \\\hline \text { Sales } & & 500,000 \\\hline \text { Sales returns and allowances } & 4,500 & \\\hline \text { Sales discounts } & 4,250 & \\\hline \text { Cost of goods sold } & 382,450 & \\\hline \text { Sales salaries expense } & 44,000 & \\\hline \text { Advertising expense } & 8,150 & \\\hline \text { Office salaries expense } & 24,325 & \\\hline \text { Office supplies expense } & 450 & \\\hline \text { Interest expense } & \underline{5,055} & \\\hline \text { Totals } & \$ 642,380 & \$ 642,380 \\\hline \end{array}\end{array}$
Prepare the closing entries at December 31 for the current year.