Assume we examine the accounts of Century Inc. and identify the following errors. 1. Equipment purchased for $67,500 at year-end was debited to Expenses. 2. Sales on credit of $7,461 were debited to Accounts Receivable for $8,028 and credited to Revenues for $7,461. 3. A $54,000 cash collection on accounts receivable was debited to Cash and credited to Revenues. 4. The inventory amount is understated by $18,000 because the entry to record the purchase of $18,000 of inventory was incorrectly recorded in cost of goods sold (cost of goods sold is included in Expenses). The unadjusted trial balance of Century Inc. is provided below. Prepare a correct unadjusted trial balance, correcting for all errors, including improper recording of debits and credits. Note: Do not use negative sign in your answers. Unadjusted Trial Balance Corrected Unadjusted Trial Balance Accounts Debit Credit Debit Credit Cash $ 320,067 $ $ 320,067 $ 0 Accounts receivable 279,000 0 0 Allowance for doubtful accounts (18,000) 0 0 Inventory 162,000 0 0 Equipment 1,633,500 0 0 Accumulated depreciation 108,000 0 0 Accounts payable 162,000 0 0 Notes payable 225,000 0 0 Common stock 1,620,000 0 0 Retained earnings 126,000 0 0 Revenues Expenses Net earnings 675,000 0 0 540,000 0 0 $2,916,567 $2,916,000 $ 0 $ 0