At December 31, 2021, Sheridan Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Account Debit Credit Accounts receivable $770,000 Accounts payable $385,000 Cash 44,000 Cost of goods sold 1,925,000 Interest receivable 1,250 Interest revenue 2,475 Merchandise inventory 357,500 Notes receivable, due April 10, 2022 49,500 Prepaid insurance 8,800 Refund liability 65,000 Short-term investments 55,000 Sales 3,113,000 Sales returns and allowances 110,000 Unearned revenue 27,500