Presented below is income statement information of the Nebraska Corporation for the year ended December 31, 2018. 
Required:
Prepare the necessary closing entries at December 31, 2018.
Definitions:
Behaviourism
A school of psychology that focuses on observable behavior rather than mental states, emphasizing the environmental influences on behavior.
Objectively Observed
The practice of measuring or noting phenomena without bias or influence from the observer's personal feelings or predispositions.
Psychologists
Professionals in the field of psychology who study mental processes and behavior.
Unconscious Motivations
Drives and desires that influence behavior without an individual's conscious awareness, often explored in psychoanalytic theory.
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Q12: What is the standard metric used in
Q14: The fact that clean air is a
Q25: International Financial Reporting Standards (IFRS) require a
Q47: Accrued property taxes were paid.
Q101: The Management's Discussion and Analysis section of
Q129: Sold inventory for cash.
Q131: In a statement of cash flows prepared
Q150: The distinction between operating and nonoperating income