Vulcano Company had only the following four business transactions during the year 1. Owners contributed $1,000 of capital to the business 2. Purchased Inventory for $3,000 3. Sold one half of the inventory for $6,200 4. Paid dividends of $1,000 to its owners Which of the following is included in the summary journal entry Vulcano Company makes to close its books at the end of the year? O A DEBIT to Cost of Goods sold for $1.500 O A DEBIT to Cost of Goods Sold for $3.000 O A CREDIT to Retained Earnings for $4,700 O A CREDIT to Retained Earnings for $3.700