Presented below are selected account balances for Riverbed Co. as of December 31, 2017.

Inventory 12/31/17		$59,550		Cost of Goods Sold		$222,005
Common Stock		76,250		Selling Expenses		15,964
Retained Earnings		44,780		Administrative Expenses		37,422
Dividends		18,160		Income Tax Expense		30,070
Sales Returns and Allowances		11,865
Sales Discounts		15,140
Sales Revenue		405,210

Prepare closing entries for Riverbed Co. on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

No.

Account Titles and Explanation

Debit

Credit