bits $54,560 22,800 83,000 62,000 Cash Accounts Receivable Inventory Property and Equipment Accumulated Depreciation Liabilities Common Stock Retained Earnings, January 1 Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries and Wages Expense Office Expense Interest Expenses Income Tax Expense $26,000 38,400 114.000 14,000 236,000 8,200 10.400 126,800 21,800 22.800 3.200 12,840 Totals $428400 $428.400