On December 31, 20X1, the Income Statement section of the worksheet is shown below. The balance of Ally Logan's drawing account is $24,000 ACCOUNT NAME INCOME STATEMENT COLUMNS DEBIT CREDIT Income Summary $ 55,000 $ 61,000. Sales 210,000 Sales Returns and Allowances 5,300 Interest Incone 680 Purchases 79,000 Freight 16 3,100 Purchases Returns and Allowances 2,100 Purchases Discounts 2,700 Sales Salaries Expense 45,000 Office Salaries Expense 19,300 Office Supplies Expense 780 Utilities Expense Payroll Taxes Expense Depr Expense Totals Net Income 4,300 1,000 Uncollectible Accounts Expense 2,000 Office Equipment 500 216,100 276,480 60,300 $276,400 $276,480 Prepare the closing entries that should be made in the general journal