The following list includes selected permanent accounts and all of the temporary accounts from the december 31, 2018, unadjusted trial balance of emiko co.. emiko co. uses a perpetual inventory system. debit credit merchandise inventory $ 31,500 prepaid selling expenses 5,900 dividends 36,000 sales $ 541,000 sales returns and allowances 18,100 sales discounts 5,300 cost of goods sold 218,000 sales salaries expense 51,000 utilities expense 16,500 selling expenses 37,500 administrative expenses 108,000 additional information accrued sales salaries amount to $1,500. prepaid selling expenses of $3,300 have expired. a physical count of year-end merchandise inventory shows $29,600 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.