Customers owed the company $17,500 at year-end. At year-end, $28,350 was still due to suppliers of merchandise purchased on credit. At year-end, merchandise inventory costing $44,600 still remained on hand. Salaries owed to employees at year-end amounted to $4,650. The cash paid for rent includes $2,550 paid on December 1 to the owner of the building used by the company. The amount paid on December 1 was rent for the months of December, January, and February. The office equipment, which has a 10-year life and no salvage value, was purchased on January 1, 2021. Straight-line depreciation is used