Exercise 5A-8 Presented below is information related to Swifty Co. for the month of January 2017. Beginning inventory Ending inventory Purchases Freight-in Purchase discounts Purchase returns and allowances $28,000 25,000 222,000 6,000 6,000 10,000 Insurance expense Rent expense Salaries and wages expense Sales returns and allowances Sales revenue $13,000 20,000 52,000 14,000 413,000 Prepare the necessary closing entries. (Credit account titles are automatically indented when the amount is not indent manually. If no entry is required, select "No entry for the account titles and enter o for the