Problem # 2-Closing Entries Presented below is income statement information of the Schefter Corporation for the year ended December 31, 2023. I Sales revenue $402,000 Cost of goods sold 187,000 Salaries expense 60,000 Insurance expense 11,000 Interest revenue 4,000 Interest expense 6,500 Advertising expense 8,500 Income tax expense 24,000 Gain on sale of investments 6,600 Depreciation expense 21,000 Drawing 4,000 Required: Prepare the necessary closing entries in December 31, 2023