A physical Inventory taken at vear end indicated that there was $125,000 on hand. The Estimated Returns Inventory is $5,200. Depreciation for the year is 524,500. On December 31, the dose of the appearing in the ledger of Braxton Gallery, an art retailer, are as follows: Accumulated Dear Building $365,000 Inventory $115,000 Administrative Expenses 140,000 Notes Payable 100,000 Building 810.000 Purchases 810.000 Retained Earnings 455.000 Purchases Returns and Allowances 2.500 Cash 78,000 Sales 1.700,000 Common Stock 75.000 Sales Tax Payable 4.500 Cost of Goods Sold 775,000 Selling Expenses 160,000 Dividends 15,000 Store Supplies 16,000 Interest Expense 6,000 Prepare the December dosing entries for Broxton Gallery. If an amount box does not require an entry leave it Dec 31 Retained Earnings Sales Retained farnings Inventory Purchases Selling to Prepare the December 31 dosing entries for Broxton Gallery. If an amount box does not require antry leave it blank Dec, 31 Retained Earnings Sales Retained Earnings Inventory Purchases Selling SSD Administrative expenses Derecho pense Estimated Returns luiventory Retemed Earnings 15.000 Dec 31 Betoned earnings Dividends 1.000