Presented below is information related to Bramble Corporation for the month of January 2020. Cost of goods sold Delivery expense Insurance expense Rent expense 1. 2. $209,920 Jan. 31 6,480 Jan. 31 11,710 Prepare the necessary closing entries. (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 O for the amounts.) No. Date Account Titles and Explanation 18,390 Sales Revenue Income Summary (To close revenue accounts) Income Summary Cost of Goods Sold Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue Salaries and Wages Expense Delivery Expense Insurance Expense Rent Expense $59,890 7,970 13,090 354,600 (To close expense accounts) Debit Credit