Periodic inventory accounts, multiple$-$step income statement, closing entries

On June $30,20Yg,$ the balances of the accounts appearing in the ledger of Simkins Company are as follows:

Cash

Accounts Receivable

Inventory, July $1,20Y8$

Estimated Returns Inventory, July $1,20Y8$

Office Supplies

Prepaid Insurance

Land $.$

Store Equipment

Accumulated Depreciation$-$Store Equipment

Office Equipment

Accumulated Depreciation$-$Office Equipment

Accounts Payable

Customer Refunds Payable

Salaries Payable

Unearned Rent

Notes Payable

Common Stock

Retained Earnings

Dividends

Sales

$$125,000$

$375,000$

$415,000$

$25,000$

$9,000$

$18,000$

$300,000$

$550,000$

$190,000$

$250,000$

$110,000$

$85,000$

$30,000$

$9,000$

$6,000$

$50,000$

$300,000$

$520,000$

$$275,000$

$6\mathrm{.}590\mathrm{.}000$

$\backslash$table$[[$Dividends$,$$$275,000$