the right answer is there just want to know why its right and why its wrong. thank you so much

During the closing process, which of the following accounts are closed out to the Income Summary_account before they are eventually placed into Retained Earnings? Selected Answer Answers b Revenue, Expense, and Dividend Accounts a. Revenue, Dividends, and Asset Accounts b. Revenue, Expense, and Dividend Accounts c. Revenue and Expense Accounts d. Revenues. Expenses, and Liability Accounts At the end of the year, Parker Company had sales revenue of $725,500, sales discounts of $35.000. gross profit of $345,000 rent expense of $55,000, and income tax expense of $40,000. In the context of the multiple-step income statement, what is Parker Company's Cost of Goods Sold (COGS)? Selected Answer Answers: a. $290,000 a $290,000 b. $380,500 C. $250,000 d. $345,500 Under a perpetual inventory system, when a company, such as Target or Wal-Mart returns goods to the manufacturer (such as P&G) purchased on account, the account is credited Selected Answer Answers a Purchase Returns and Allowances a. Purchase Returns and Allowances b. Accounts Payable c. Inventory d. Cost of Goods Sold