Hudson Company has the following account balances: Sales Revenue $210,200, Sales Discounts $3,930, Cost of Goods Sold $141,640, and Inventory $43,420. Prepare the entries to record the closing of these items to Income Summary. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
(To close accounts with credit balances)
(To close accounts with debit balances)