Cash $ 195,000 Accounts Receivable 142,000 Allowance for Doubtful Accounts $ 26,500 Merchandise Inventory 459,000 Accounts Payable 112,000 Common Stock 535,000 Retained Earnings 122,500 Totals $ 796,000 $ 796,000 ________________________________________ You will need to make one journal entry dated 12/31/2019 to bring these balances into your QBO file as a starting point before you begin your entries for 2020. Tile, Etc. had the following transactions in Year 2020: 1. 02/17/2020: Purchased merchandise on account for $665,000. 2. 03/08/2020: Sold merchandise that cost $505,000 for $1,060,000 on account. 3. 04/24/2020: Sold for $330,000 cash merchandise that had cost