Current Attempt in Progress Presented below are selected account balances for Marigold Co. as of December 31, 2020. $60,590 $221,953 16,305 Inventory 12/31/20 Common Stock Retained Earnings Dividends Sales Returns and Allowances Sales Discounts 76,310 45,600 17,928 Cost of Goods Sold Selling Expenses Administrative Expenses Income Tax Expense 38,415 29,860 12,097 14,730 413,530 Sales Revenue Prepare closing entries for Marigold Co. on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts.) No. Account Titles and Explanation Debit Credit 1. (To close accounts with credit balances) 2. (To close accounts with debit balances) 3. (To close net income / (loss)) 4. (To close dividends)