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At December 31, 2022, Whispering Winds Corp. estimates that goods with a selling price of $5,530 and a cost of $1,920 that were sold on account during the current period will be returned during the next accounting period. On January 17,2023, the goods were returned as estimated. The customer had not paid for the goods by the time of the return. Record the entry or entries required to adjust for this information, as well as the subsequent return. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Credit (To adjust sales returns and allowances) (To record the cost) (To record goods returned) (To record cost of goods returned) Whispering Winds Corp. had the following account balances at year-end: Cost of Goods Sold $61,010, Inventory $16,210, Operating Expenses $33,010, Sales Revenue $123,840, Sales Discounts $1.230, and Sales Returns and Allowances $2,050. A physical count of inventory determines that merchandise inventory on hand is $12,920. Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. It no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Account Titles and Explanation (To close accounts with credit balances) (To close accounts with debit balances) (To close net income / (loss))