Captain Marvel Corporation is a small private corporation that sells desktop printers to local businesses and schools. On May 1, 2022, the following were the account balances of Captain Marvel Corporation: Cash Debits 75750 Allowance for Doubtful Accounts Credits 4500 Accounts Receivable 30000 Accumulated Depreciation (Van) 60000 Inventory (750 units) 142500 Accumulated Depreciation (Furniture & Fixtures) 7500 Van 67500 Accounts Payable 18750 Furniture & Fixtures 22500 Common Shares 30000 Retained Earnings 217500 Total Debits 338250 Total Credits 338250 During May 2022, the following transactions took place: May 1: Bought 225 desktop printers for $300 each on account. May 1: Bought a van, paying $15750 cash as a down payment and signed a 10 month $30000, 9% note payable for the balance. The company paid $675 to have its company logo painted on the side of the van. The residual value is $9000. The old van was sold for $6000; it cost $67500 and acculumated depreciation up to the date of disposal was $60000. May 10: Sold 150 printers to Vision Inc. on account. May 12: Tivan Group agreed to sign a 90-day note receivable to replace a $5250 accounts receivable due that day. The interest rate on the note is 13.5%. May 20: Sold 12 printers to Loki Inc. using a VISA card to pay for the transaction. A 6.75% service fee is charged by VISA. May 22: Sold 120 printers to Peggy Carter Public School on account. May 24: Returned for credit 8 damaged printers from Vision Inc., costing $315 each. May 28: Received payment in full from Vision Inc. for tha balance owing. May 28: Wrote off as uncollectable $5700 of accounts receivable. May 29: Paid accounts payable, $20250.