From the Data Below for Wong Company, Prepare the Closing

From the data below for Wong Company, prepare the closing entries for the year ended December 31. $\begin{array}{lr}\text { Cash dividends } & \$ 47,000 \\\text { Sales } & 982,600 \\\text { Sales returns and allowances } & 3,960 \\\text { Inter est revenue } & 10,521 \\\text { Factory overhead (debit) } & 210,620 \\\text { Factory overhead (credit) } & 210,620 \\\text { Cost of goods sold } & 726,820\\\text { Wages expense } & 130,745 \\\text { Supplies expense } & 9,900 \\\text { Depreciation expense-office equipment } & 6,900 \\\text { Utilities expense } & 5,840 \\\text { Bad debt expense } & 1,680 \\\text { Advertising expense } & 11,120 \\\text { Interest expense } & 9,860 \\\text { Income tax expense } & 32,050\end{array}$