On December 31, 20X1, the Income Statement columns of the worksheet for The Sax Shop contained the following information. Income Statement Columns Income summary Sales Sales returns and allowances Sales discounts Debit Credit $ 37,800 $ 41,100 250,500 3,500 2,500 Interest income 130 Purchases 133,600 Freight in 1,800 Purchases returns and allowances 1,600 Purchases discounts 1,450 Rent expense 8,100 Utilities expense 2,850 Telephone expense Salaries expense Payroll taxes expense Supplies expense Depreciation expense Interest expense Totals 1,460 65,300 5,190 1,620 2,100 260 $266,080 $294,780 Assume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $25,800 on December 31, 20X1. Prepare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other temporary accounts. View transaction list Journal entry worksheet < 1 2 3 4 Record the closing entry for revenue and other credit items. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal