The Year-End Adjusted Trial Balance of ABC Supply for the Current

The year-end adjusted trial balance of ABC Supply for the current year is shown below:
$\begin{array}{c} \text {ABC SUPPLY}\\ \text {Adjusted Trial Balance}\\ \text {December 31}\\\begin{array}{|l|r|r|}\hline \text { Cash } & \$ 1,500 & \\\hline \text { Office supplies } & 500 & \\\hline \text { Merchandise inventory } & 11,000 & \\\hline \text { Store equipment } & 18,000 &\\\hline \text { Accum Depr - store equipment } & & \$ 3,000 \\\hline \text { Accounts payable } & & 6,000 \\\hline \text { Common stock } & & 10,000 \\\hline \text { Retained earnings } & & 40,000\\\hline \text { Dividends } & 22,000 & \\\hline \text { Sales } & & 60,500 \\\hline \text { Cost of goods sold } & 48,000 & \\\hline \text { Depreciation expense - Store equipment } & 1,000 &\\\hline \text { Office supplies expense } & 1,500 & \\\hline \text { Salaries expense } & 14,000 & \\\hline \text { Rent expense } & 2,000 & \\\hline & \$ 119,500 & \$ 119,500 \\\hline\end{array}\end{array}$
Prepare closing entries at December 31 for the current year.