From the Data Below for the Sorta Company, Prepare the Closing

From the data below for the Sorta Company, prepare the closing entries for the year ended December 31, 20--. $$\begin{array} { l r } \text { Cash dividends } & \$ 105,000 \\\text { Sales } & 987,000 \\\text { Sales returns and allowances } & 5,200 \\\text { Interest revenue } & 3,700 \\\text { Factory overhead (debit) } & 205,300 \\\text { Factory overhead (credit) } & 205,300 \\\text { Cost of goods sold } & 674,200 \\\text { Wages expense } & 112,000 \\\text { Supplies expense } & 5,300 \\\text { Depreciation expense-office equipment } & 4,200 \\\text { Utilities expense } & 5,700 \\\text { Bad debt expense } & 1,300 \\\text { Advertising expense } & 6,300 \\\text { Interest expense } & 4,700 \\\text { Income tax expense } & 61,950\end{array}$$