ES Exercise 3-14 Presented below is information related to Whispering Corporation for the month of January 2020. Cost of goods sold $224,470 Salaries and wages expense $58,520 Delivery expense 6,370 Sales discounts 7,610 Insurance expense 12,060 Sales returns and allowances 13,210 Rent expense 19,480 Sales revenue 375,700 Prepare the necessary closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Jan. 31 (To close revenue accounts) 2. Jan. 31 CALCULATOR HESSAGE VINS URCES To close revenue accounts) 2. Jan. 31 tudy (To close expense accounts) 3. Jan. 31 (To close net income / (loss)) Click if you would like to Show Work for this question: Open Show Work