Select accounts from the Adjusted Trial Balance are presented below. Prepare the $3$ required closing entries to record net income on December $31.$

$\backslash$table$[[$Accounts Receivable,$230,000],[$Inventory$,185,000],[$Retained Earnings,$561,500],[$Sales$,790,100],[$Sales Discounts,$6,000],[$Sales Returns and Allowances,$30,000],[$Cost of Goods Sold,$453,900],[$Delivery Expense,$9,800],[$Sales Salaries Expense,$152,000],[$Office Supplies Expense,$1,800],[$Store Supplies Expense,$3,800],[$Admin Salaries Expense,$92,000],[$Depreciation Expense,$14,000]]$

Date

Description

Debit

Credit

Dec $31$