Identify the statements below that are correct regarding the closing entries for a merchandiser using the perpetual inventory system.Multiple select question.Sales Discounts is closed with the expense accounts.The Dividends account is closed to Income Summary.Cost of goods sold is closed with the expense accounts.The Dividends account is closed to Retained EarningsSales Returns and Allowances is closed with the expense accounts.Sales Discounts is closed with the revenue accounts.Merchandise Inventory is closed with the expense accounts.Cost of goods sold is closed with the revenue accounts.Sales is closed as a revenue account