Current Attempt in Progress Presented beloware selected ledger accounts of Oriole Corporation at December 31, 2022. Cash Inventory (beginning) $218,300 631,300 Salaries and wages expense (sales) $335,120 Salaries and wages expense (office) 408,280 Sales revenue 4,926,500 Purchase returns 17,700 Unearned sales revenue 138,060 Sales returns and allowances 93,220 Purchases 3,287,480 Freight-in 84,960 Sales discounts 40,120 Accounts receivable 168,150 Purchase discounts 31,860 Sales commissions 97.940 Selling expenses 81,420 Telephone and Internet expense (sales) 20,060 Accounting and legal services 38,940 Utilities expense (office) 37,760 Insurance expense (office) 28,320 Miscellaneous office expenses 9,440 Advertising expense 63,720 Rent revenue 283,200 Delivery expense 109.740 Loss on sale of division 70,800 Depreciation expense (office equipment) 56,640 Interest expense 207,680 Depreciation expense (sales equipment) 42,480 Share capital-ordinary ($10 par) 900,000 Oriole's effective tax rate on all items is 30%. A physical inventory indicates that the ending inventory is $809,480