N NOE ALATORRE LEDIZMA Select accounts from the Adjusted Trial Balance are presented below. Prepare the 3 required closing entries to record net income on! December 31. Accounts Receivable 250,000 Inventory 170,000 Retained Earnings 556,000 Sales 788,600 Sales Discounts 7,500 Sales Returns and Allowances 30,000 Cost of Goods Sold 450,700 Delivery Expense 9,000 Sales Salaries Expense 151,000 Office Supplies Expense 1,800 Store Supplies Expense 3,300 Admin Salaries Expense 99,000 Depreciation Expense 11,000 Date Description Debit Credit Dec 31 Points possible: 1 This is attempt 1 of 2 Submit