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 am the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Jan. 31 (To close revenue accounts) 2. Jan. 31 (To close expense accounts) 3. Jan. 31 (To close net income / (loss))