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Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below) Net Company's ledger on July 31. its fiscal year-end, includes the following selected accounts that have normal balances Now It uses the perpetual inventory system) Merchandise inventory 1. Mix, Capital T. Nix, Withdrawals Sales Sales discounts 5.39,300 118,300 7.000 159.600 3,200 Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense Miscellaneous expenses $ 6,200 105,900 10,600 34,000 5,000 A physical count of its July 31 year-end Inventory discloses that the cost of the merchandise inventory still available is $38,000 QS 5-10 Closing entries LO P3 Prepare journal entries to close the balances in temporary revenue and expense accounts. Remember to consider the entry for shrinkage from OS 5-9. (The solution from OS 5-9 is required to complete this question.) View transaction lit Journal entry worksheet 1 Record the entry to close the income statement accounts with