Presented below is information related to Gonzales Corporation for the month of January 2020. Cost of goods sold $208,000 Salaries and wages expense $61,000 Delivery expense 7,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowances 13.000 Rent expense 20,000 Sales revenue 350,000 Prepare the necessary closing entries. (Credit account titles are automatically Indented when amount is entered. Do not indent manually if no entry is required, select "No entry" for the account titles and enter O for the amounts No. Date Account Titles and Explanation Jan. 31 (To close revenue accounts) 2 Jan. 31) Debit Credit