Alpha keeps its accounting records on a cash basis during the year. At year-end, it converts its books to the accrual basis for preparing its financial statements. At the end of 2022 (the first year of operation), Alpha reported the following balances on its post-closing trial balance after converting to accrual basis. December 31, 2022 (accrual) Debit Credit Cash 4,000 Accounts receivable 24.000 Supplies 8.000 Inventory 40,000 Equipment 60,000 Accumulated depreciation $ 12,000 Accounts payable (for inventory) 44.000 Salaries payable 14,000 Unearned sales revenue 2,000 Income tax payable 6,000 Common stock 14,000 Retained earnings 14.000 $136,000 $136.000 At the end of 2023, Alpha again converted its books from cash basis to accrual basis, and prepared a balance sheet and income statement on an accrual basis. The following information was available as of December 31, 2023: (Satisfies its 2022 income tax hability - see the 2022 trial balance) Alpha depreciates its equipment using the straight-line method over 5 years with no salvage value. Assume that the