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Presented below is Income statement Information of the Schefter Corporation for the year ended December...

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Accounting

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Presented below is Income statement Information of the Schefter Corporation for the year ended December 31, 2018 Sales revenue Salaries expense Interest revenue Advertising expense Gain on sale of investments Cost of goods sold Insurance expense Interest expense Income tax expense Depreciation expense $ 456,000 67,5ee 5,400 9,750 7,100 25e,see 11,150 3,200 30.See 17,eee 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 Mat Journal entry worksheet

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