d sells them in its Catrina Gallery in London. At the end on the To i Data Table -Ded Cash 48,000 any. Accounts receivable 21,000 Inventories 76,000 Fixed assets, net 120,000 38,000 Accounts payable Paid-in capital 102,000 Retained earnings, Jan. 1, 20X2 92,000 Revenue 340,000 Cost of sales 173,000 134,000 Operating expenses Totals 572,000 572,000 Print Done and Requirements 1. Prepare closing journal entries for Catrina Company 2. Prepare an income statement for 20X2 and a balance sheet for December 31, 20X2. Requirement 1. Prepare closing journal entries for Catrina Company. (Record debits first, then credits. Explanations are not required.) Accounts Debit Credit