. Prepare Financial Statements The Vitaly Corporation does not use the services of a professional accountant. At the end of its second year of operations, 20X2, the company's office manager prepared its financial statements. Listed next in random order are the items appearing in these statements:

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Accounts receivable Paid-in capital $ 27,400 100,000 Trucks Cost of goods sold 157,000 Salary expense 86,000 Unexpired insurance 1,800 33,700 Office supplies inventory Notes payable Merchandise inventory Accounts payable Notes receivable Utilities expenses $ 2,000 7,000 61,000 14,000 2,500 5,000 Rent expense 19,500 Net income 4,200 Sales 281,000 Retained earnings Advertising expense 9,300 January 1, 20X2 18,000 Cash 14,800 December 31, 20X2 22,200