Flounder Corp.s unadjusted trial balance at December 1, 2022, is presented below.

	Debit		Credit
Cash	$27,280
Accounts Receivable	45,632
Notes Receivable	12,400
Interest Receivable	0
Inventory	44,888
Prepaid Insurance	4,464
Land	24,800
Buildings	186,000
Equipment	74,400
Patent	11,160
Allowance for Doubtful Accounts			$620
Accumulated DepreciationBuildings			62,000
Accumulated DepreciationEquipment			29,760
Accounts Payable			33,852
Salaries and Wages Payable			0
Notes Payable (due April 30, 2023)			13,640
Income Taxes Payable			0
Interest Payable			0
Notes Payable (due in 2028)			43,400
Common Stock			62,000
Retained Earnings			78,864
Dividends	14,880
Sales Revenue			1,116,000
Interest Revenue			0
Gain on Disposal of Plant Assets			0
Bad Debt Expense	0
Cost of Goods Sold	781,200
Depreciation Expense	0
Income Tax Expense	0
Insurance Expense	0
Interest Expense	0
Other Operating Expenses	76,632
Amortization Expense	0
Salaries and Wages Expense	136,400
Total	$1,440,136		$1,440,136

The following transactions occurred during December.

Dec. 2		Purchased equipment for $19,840, plus sales taxes of $992 (paid in cash).
2		Flounder sold for $4,340 equipment which originally cost $6,200. Accumulated depreciation on this equipment at January 1, 2022, was $2,232; 2022 depreciation prior to the sale of equipment was $1,023.
15		Flounder sold for $6,200 on account inventory that cost $4,340.
23		Salaries and wages of $8,184 were paid.

Adjustment data:

1.		Flounder estimates that uncollectible accounts receivable at year-end are $4,960.
2.		The note receivable is a one-year, 8% note dated April 1, 2022. No interest has been recorded.
3.		The balance in prepaid insurance represents payment of a $4,464, 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 $37,200.
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 $2,232.
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 $2,728.
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 $18,600. It was unpaid at December 31.

b) Prepare an adjusted trial balance at December 31, 2022.