Nb'it Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances. Nx'It uses the perpetual inventory system. Retained earnings Dividends Sales Sales discounts Sales returns and allowances $ 128,300 Cost of goods sold 2,000 Depreciation expense 183,000 Salaries expense 4,200 Miscellaneous expenses $ 108,900 11,600 39,000 5,000 5,200 Prepare the company's year-end closing entries. View transaction list Journal entry worksheet N 4 Record the entry to close the income statement accounts with credit balances. Note: Enter debits before credits General Journal Debit Credit Date July 31 Record entry Clear entry View general journal