Current Attempt in Progress Presented below are selected account balances for Bonita Co. as of December 31, 2020. Inventory 12/31/20 $61,120 Cost of Goods Sold $228,331 Common Stock 74,240 Selling Expenses 16,210 Retained Earnings 45,290 Administrative Expenses 37,930 Dividends 17,945 Income Tax Expense 30,410 Sales Returns and Allowances 12,050 Sales Discounts 14,730 Sales Revenue 405,490 Prepare closing entries for Bonita Co. on December 31, 2020. (Credit account titles are automatically in not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amou Debit No. Account Titles and Explanation