Reference no: EM132860770
Question - Presented below is income statement and dividend information of the Nebraska Corporation for the year ended December 31, 2021.
Sales revenue $692,000 Cost of goods sold $385,000
Salaries expense $96,000 Insurance expense 26,000
Dividend revenue 3,600 Depreciation expense 24,000
Misc expense 18,000 Administrative expense 41,000
Loss on sale of investments 8,600 Rent expense 16,000
Dividends 11,000
Required - Prepare the necessary closing entries at December 31, 2021?
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