Which of the following accounts should be closed to Income Summary at the end of the fiscal year?

Question

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Cost of Merchandise Sold is a temporary account that tracks the cost of goods that were sold during the fiscal year. It should be closed to Income Summary at the end of the year to calculate the net income or loss. Merchandise Inventory and Accumulated Depreciation are both permanent accounts, and Drawing is a drawing account for the owner's withdrawals, which is also a temporary account but not related to determining net income or loss.

Which of the Following Accounts Should Be Closed to Income