CALCULATE Comprehensive Problem 6 (Part Level Submission) On December 1, 2019, Martinez Company had the account balances shown below. Cash Accounts Receivable Inventory Equipment Debit $5,600 Accumulated Depreciation-Equipment 4,000 Accounts Payable 1,760 - Common Stock 21,700 Retained Earnings $33,060 Credit $1,500 2,800 19,000 9,760 $33,060 (3,200 x $0.55) The following transactions occurred during December Dec. 3 Purchased 4,200 units of inventory on account at a cost of $0.65 per unit. 5 Sold 4,600 units of inventory on account for $0.92 per unit. (Martinez sold 3,200 of the $0.55 units and 1,400 of the $0.65.) 7 Granted the December 5 customer $276 credit for 300 units of inventory returned costing $184. These units were returned to inventory 17 Purchased 2,100 units of inventory for cash at $0.78 each. 22 Sold 2,000 units of inventory on account for $0.95 per unit (Martinez sold 2,000 of the $0.65 units.) Adjustment data: 1. Accrued salaries payable $300 2. Depreciation $200 per month Adjusted Trial Balance December 31, 2019 Debit Credit 3962 Accounts Receivable 9856 Inventory 2342 Equipment 21700 Accounts Payable 5530 Accumulated Depreciation-Equipment 1700 Salaries and Wages Payable 300 Common Stock 19000 TRetained Earnings 9760 Sales Revenue 6132 BBS Salaries and Wages Expense 300 Cost of Goods Sold 3786 Sales Returns and Allowances 276 Depreciation Expense anse 200 Prepare an income statement for December 2019. MARTINEZ COMPANY Income Statement For the Month Ended December 31, 2019 Click if you would like to Show Work for this question: Qren Show Work