A company's December 31 work sheet appears below with summary amounts in the Income Statement and Balance Sheet columns.Prepare the four necessary closing entries. 
Definitions:
Ethical Misconduct
Behavior that goes against established moral principles or professional standards.
Romanticized
Describes the act of making something seem better or more appealing than it really is, often ignoring negative aspects.
Attitudes
A settled way of thinking or feeling about something, which often reflects a person's beliefs or feelings.
Despair
A deep sense of hopelessness and loss of purpose, often occurring in the face of overwhelming adversity or disappointment.
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