Concord Corporations unadjusted trial balance at December 1, 2022, is presented below.

	Debit		Credit
Cash	$20,300
Accounts Receivable	36,600
Notes Receivable	9,300
Interest Receivable	0
Inventory	36,900
Prepaid Insurance	3,000
Land	18,900
Buildings	144,000
Equipment	66,000
Patent	8,100
Allowance for Doubtful Accounts			$600
Accumulated DepreciationBuildings			48,000
Accumulated DepreciationEquipment			26,400
Accounts Payable			27,700
Salaries and Wages Payable			0
Notes Payable (due April 30, 2023)			10,300
Income Taxes Payable			0
Interest Payable			0
Notes Payable (due in 2028)			36,900
Common Stock			45,000
Retained Earnings			46,200
Dividends	11,500
Sales Revenue			838,000
Interest Revenue			0
Gain on Disposal of Plant Assets			0
Bad Debt Expense	0
Cost of Goods Sold	536,000
Depreciation Expense	0
Income Tax Expense	0
Insurance Expense	0
Interest Expense	0
Other Operating Expenses	67,500
Amortization Expense	0
Salaries and Wages Expense	121,000
Total	$1,079,100		$1,079,100

The following transactions occurred during December.

Dec. 2		Purchased equipment for $14,400, plus sales taxes of $800 (paid in cash).
2		Concord sold for $3,300 equipment which originally cost $4,500. Accumulated depreciation on this equipment at January 1, 2022, was $1,900; 2022 depreciation prior to the sale of equipment was $875.
15		Concord sold for $5,100 on account inventory that cost $3,500.
23		Salaries and wages of $6,400 were paid for December.

Adjustment data:

1.		Concord estimates that uncollectible accounts receivable at year-end are $3,600.
2.		The note receivable is a 1-year, 8% note dated April 1, 2022. No interest has been recorded.
3.		The balance in prepaid insurance represents payment of a $3,000, 6-month premium on September 1, 2022.
4.		The building is being depreciated using the straight-line method over 30 years. The salvage value is $30,000.
5.		The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost.
6.		The equipment purchased on December 2, 2022, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,000.
7.		The patent was acquired on January 1, 2022, and has a useful life of 9 years from that date.
8.		Unpaid salaries at December 31, 2022, total $2,000.
9.		Both the short-term and long-term notes payable are dated January 1, 2022, and carry a 10% interest rate. All interest is payable in the next 12 months.
10		Income tax expense was $15,000. It was unpaid at December 31