EAST Corp. is in retailing school supplies. The company kept very limited records and most of the company's transactions are summarized in cash records. EAST Corp. presented the following information in line with your audit:

Total cash receiEt from customers, based on cash records ?765,000 Proceeds from a bank loan [note payable non-trade] 100,000 Total cash payments to suppliers, based on cash records. 659,000 Total cash payments for other operating expenses 244,000 Credit memos issued, for sales returns and allowances 80,000 Total refunds for goods received as returns, based on cash 45,000 records Sales discount 60,000 Credit memos received for Burchase returns 55,000 Total refunds for goods returned to suppliers, based on cash 25,000 records Purchase discounts 50,000 Accounts written off during the year 29,000 Recovery of previously written -off accounts 7,000 Increase in accounts receivable 135,000 Increase in accounts Eaxable 129,000 Decrease in notes receivable 90,000 Decrease in notes payable for both trade and non-trade 40,000 Increase in merchandise inventory 61,000 Increase in grepaid ogerating exgenses 39,000 Decrease in accrued operating expenses 20,000