and learning resource from Cengage Leaming Comprehensive Problem 4 Part 2: Note: You must complete part 1 before part 2. After all of the transactions for the year ended December 31, 2015, had been posted [including the transactions recorded in part (1) and all adjusting entries], the data that follows were taken from the records of Equinox Products Inc. Income statement data: Advertising expense Cost of merchandise sold Delivery expense $150,000 3,700,000 30,000 Depreciation expense-office buildings and equipment 30,000 Depreciation expense-store buildings and equipment 100,000 Gain on sale of investments 4,980 Income from Pinkberry Co. investment 76,800 Income tax expense 142,000 Interest expense 21,000 Interest revenue 8,720 Miscellaneous administrative expense 7,500 Miscellaneous selling expense 14,000 Office rent expense 50,000 Office salaries expense 170,000 Office supplies expense Sales Sales commissions expense Sales salaries expense Store supplies expense Retained earnings and balance sheet data: Accounts payable 10,000 5,254,000 185,000 385,000 21,000 $194,300 Accounts receivable. 545,000 Accumulated depreciation-office buildings and equipment Accumulated depreciation-store buildings and equipment 1,580,000 4,126,000 Allowance for doubtful accounts 8,450 Available-for-sale investments (at cost) 260,130 Bonds payable, 5%, due in 10 years 500,000 Cash 246,000 Common stock, $20 par (400,000 shares authorized; 2,000,000 https://v2.cengagenow.com/ilm/takeAssignment/printUntakenAssignment.do?assignmentid=3561606