Follow the instructions below:

Prepare sales section E5-6 The adjusted trial balance of Mendoza Company SLU shows the following data per- and closing entries. taining to sales at the end of its fiscal year October 31, 2017: Sales Revenue E820,000, (LO 4, 5) Freight-Out 16,000, Sales Returns and Allowances E28,000, and Sales Discounts $13,000. Instructions (a) Prepare the sales section of the income statement. (b) Prepare separate closing entries for (1) sales, and (2) the contra accounts to sales