The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2017, unadjusted trial balance of Emiko Co.. Emiko Co. uses a perpetual inventory system. Credit Debit $ 34, eee 6,400 41,080 $561, eee Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 19, 100 5,80e 228, eee 56,000 19, eee 40, eee 113,000 Additional Information Accrued sales salaries amount to $2,000. Prepaid selling expenses of $3,800 have expired. A physical count of year-end merchandise inventory shows $31,100 of goods still available. (a) Use the above account balances along with the additional information, prepare the adjusting entries. along with the additional information, prepare the closing entries Required 1 Required 2 Use the above account balances along with the additional information, prepare the closing entries. No Date General Journal Debit Credit 1 Dec 31 Sales 561,000 Income summary 561,000 2 Dec 31 Income summary Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses