Presented below is information related to Sheridan Co., owned by D. Miller, for the month of January 2024. Ending inventory per perpetual records $22,800 Rent expense $20,600 Ending inventory actually on hand 18,600 Salaries expense 55,100 Cost of goods sold 205,000 Sales discounts 9,600 Delivery expense 6,500 Sales returns and allowances 12,900 Insurance expense 11,700 Sales 375,000

(To close income statement accounts with debit balances.) Jan. 31 (To close Income Summary account.)