The following selected information is for Carla Vista Company for the year ended January 31, 2021: Freight in $6,500 Purchase discounts $12,000 Freight out 7,300 Purchase returns and allowances 16,400 Insurance expense 12,000 Rent expense 20,100 Interest expense 6,000 Salaries expense 60,700 Merchandise inventory, beginning 61,100 Salaries payable 2,500 Merchandise inventory, ending 42,000 Sales 320,000 O. G. Pogo, capital 105,000 Sales discounts 14,000 O. G. Pogo, drawings 42,500 Sales returns and allowances 20,200 Purchases 211,000 Unearned sales revenue 4,500 CARLA VISTA COMPANY Income Statement $ Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 31 (To close income statement accounts with credit balances and record ending inventory.) Jan. 31