College Coasters is a San Diego-based merchandiser specializing in logo-adorned drink coasters. The company reported the following balances in its unadjusted trial balance at December 1 $ 8,600 1,860 500 660 750 90 1,250 300 Cash Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Rent Expense Salaries and Wages Expense Depreciation Expense Income Tax Expense Office Expenses 5,600 3,000 14,350 7.920 1,210 1,800 90 1,200 The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier The inventory on December 1 consisted of 1,000 coasters, all of which were purchased in a batch on July 10 at a unit cost of 5050 Colles Coasters records its inventory using perpetual inventory accounts and the FIFO cost flow method During December, the company entered into the following transactions. Some of these transactions are explained in greater detall 430 X 430 Salaries and Wages Expense Salaries and Wages Payable Adjusted COLLEGE COASTERS Income Statement For the Year Ended December 31 Revenues $ 0 0 es $ 0 0 0 0 0 0 $ 0 0 Trial Balance Balance Sheet Use the dropdowns to select the accounts properly included on the balance sheet. The unadjusted, adjustec balances will appear for each account, based on your selection. However, you will need to enter the amount (Net of accumulated depreciation), Common stock and Retained earnings as of December 31. Adjusted COLLEGE COASTERS Balance Sheet As of December 31 0 0 0 0 0 times per year Inventory Turnover Ratio Days to Sell days