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Goodwill 202,700 Income Tax Expense 5,475 Income Tax Payable 7,200 Interest Expense 1,500 Inventory 1,636,500 Mortgage Payable 451,500 Notes Payable, due in 6 months

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Goodwill 202,700 Income Tax Expense 5,475 Income Tax Payable 7,200 Interest Expense 1,500 Inventory 1,636,500 Mortgage Payable 451,500 Notes Payable, due in 6 months 784,600 Notes Payable, due in 3 years 50,500 Retained Earnings, as of January 1 of 1,285,375. current year Salaries & Wages Expense 2,933,600

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