Comprehensive Problem 6 (Part Level Submission) On December 1, 2014, Seattle Company had the account balances shown below Credits $1,460 2,970 20,800 7,822 $33,052 Debits Cash $6,940 ccumulated Depreciation- Equipment Accounts Receivable Inventory (3,400 x $0.58) Equipment 3,640 Accounts Payable 1,972 Common Stock 20,500 Retained Earnings $33,052 The following transactions occurred during December Dec. 3 Purchased 4,600 units of inventory on account at a cost of $0.72 per unit. 5 Sold 4,900 units of inventory on account for $0.89 per unit. (It sold 3,400 of the $0.58 units and 1,500 of the $0.72.) 7 Granted the December 5 customer $178 credit for 200 units of inventory returned costing $110. These units were returned to inventory 17 Purchased 2,300 units of inventory for cash at $0.81 each 22 Sold 2,200 units of inventory on account for $0.95 per unit. (It sold 2,200 of the $0.72 units.)