NixIt Companys ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances. NixIt uses the perpetual inventory system. Retained earnings $ 127,300 Cost of goods sold $ 108,600 Dividends 7,000 Depreciation expense 11,500 Sales 182,000 Salaries expense 38,500 Sales discounts 4,100 Miscellaneous expenses 5,000 Sales returns and allowances 5,300 Prepare the company's year-end closing entries