- Chapter 1, 2, 3 and 4 Problem 2-134 9 Presented below is income statement information of the Nebraska Corporation for the year ended December 31, 2018 Sales revenue Salaries expense Dividend revenue Miscellaneous expense Loss on sale of investments 668,000 94,000 3,400 16,000 8.400 Cost of goods sold Insurance expense Depreciation expense Income tax expense Rent expense 375,000 24,000 22,000 39,000 14,000 Required: Prepare the necessary closing entries at December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the revenue and losses using the income summary. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general Journal cm