The summary amounts below appear in the Income Statement and Balance Sheet columns of a company's December 31 work sheet. Prepare the necessary closing entries. 
Definitions:
Complex Comparisons
Analytical comparisons involving more than two groups.
Power Distance
A cultural dimension that describes the extent to which individuals in a society accept and expect that power is distributed unequally.
Culture
Culture represents the shared values, beliefs, norms, and practices that shape the social behavior and interactions within a group, organization, or society.
Unequal Distribution
Refers to a scenario where resources, opportunities, or outcomes are not shared equally among all groups or individuals within a specific context.
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