Required information Nix'it Company's ledger on July 31, as fiscal year-end, includes the following selected accounts that have normal balances (Nix It uses the perpetual inventory system). 41, 300Sales returns and allowances 122, 300 Cost of goods sold s 5, 800 107, 100 11, 000 36,000 5, 000 Retained earnings Dividends Sales Sales discounts 7,000 Depreciation expense 158, 800 Salaries expense 3,600 Miscellaneous expenses A physicel count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $39800 Prepare journal entries to close the balances in temporary revenue and expense accounts. R shrinkage emember to consider the entry for