Exercise 316 Presented below are selected account balances for Oriol Co, as of December 31, 2017 Inventory 12/31/17 $60.870 Cost of Goods Sold $227,386 Common stock 73,930 Selling Expenses 16,313 Retained Earnings 45,100 Administrative Expenses 38,174 Dividends 18,061 Income Tax Expense 29,400 Sales Returns and Allowances 11,774 Sales Discounts 14,830 Sales Revenge 403.770 Prepare desing entries for Oriole Co. on December 31, 2017. (Credit account s 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 for the amounts.) is required, select "No entry for the account titles and enter o for the amounts.) No, Account Titles and Explanation Dehit Credit (Todose accounts with credit balances) (Todose accounts with debit balances) (lo cose nel income / (loss)) (To cose dividends)