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:
Organization
A structured group of people who come together to meet a common set of goals, through a division of labor and function, within a hierarchy of authority.
Creative
Characterized by originality of thought or inventiveness; having the ability or power to create.
Performance Categories
Different areas or types of work-related activities used to evaluate an employee's job performance.
Affectivity
The capacity of an individual to experience emotions or feelings, often influencing mood and emotional responses.
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