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 $ 30,500 5,700 34,000 $533.000 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 17,700 5,100 214,000 49,000 15,500 36,500 106,000 Use the above account balances along with the additional information, prepare the closing entries. View transaction list View journal entry worksheet No Date General Journal Debit Credit Dec 31 Sales Income summary Dec 31 Income summary Sales retums and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses Dec 31 Income summary Retained Earnings Dec 31 Retained Earnings Dividends