The following list includes selected permanent accounts and all of the temporary accounts from the december 31 unadjusted trial balance of emiko co., a business owned by kumi emiko. emiko co. uses a perpetual inventory system. debit credit merchandise inventory $ 34,000 prepaid selling expenses 6,400 dividends 41,000 sales $ 561,000 sales returns and allowances 19,100 sales discounts 5,800 cost of goods sold 228,000 sales salaries expense 56,000 utilities expense 19,000 selling expenses 40,000 administrative expenses 113,000 additional information accrued and unpaid sales salaries amount to $2,000. prepaid selling expenses of $3,800 have expired. a physical count of year-end merchandise inventory is taken to determine shrinkage and shows $31,100 of goods still available. (a) use the above account balances along with the additional information, prepare the adjusting entries. (b) use the above account balances along with the additional information, prepare the closing entries.