H K M N Antman Corporation is a small private corporation that sells desktop printers to local businesses and schools. On May 1, 2022, the following were the account balances of Antman Corporation: Debits Credits Cash 75750 Allowance for Doubtful Accounts 4500 Accounts Receivable 30000 Accumulated Depreciation (Van) 60000 Inventory (750 units) 142500 Accumulated Depreciation (Furniture & Fixtures 7500 Van 67500 Accounts Payable 18750 Furniture & Fixtures 22500 Common Shares 30000 Retained Earnings 217500 Total Debits 338250 Total Credits 338250 During May 2022, the following transactions took place May 1: Bought 210 desktop printers for $300 each on account. May 1: Bought a van, paying $15750 cash as a down payment and signed a 7 month $52500, 6% note payable for the balance. The company paid $675 to have its company logo painted on the side of the van. The residual value is $12000. The old van was sold for $12000; it cost $67500 and acculumated depreciation up to the date of disposal was $60000 May 10: Sold 195 printers to Hela Inc. on account. May 12: Wakanda Ltd. agreed to sign a 60-day note receivable to replace a $3000 accounts receivable due that day. The interest rate on the note is 9.75% May 20: Sold 17 printers to Dr. Strange Inc. using a VISA card to pay for the transaction. A 6.75% service fee is charged by VISA May 22 Sold 142.5 printers to Stephen Strange Public School on account. May 24: Returned for credit 9 damaged printers from Hela Inc., costing $300 each. May 28: Received payment in full from Hela Inc. for tha balance owing May 28: Wrote off as uncollectable $6750 of accounts receivable.. May 29. Paid accounts payable, $18750. May 30: Recovered an accounts receivable that was written off in April, $1050 May 31: Paid operating expenses totalling $68250. May 31: Recorded depreciation on the van and the fumiture & fixtures. The company uses straight-line depreciation for the van. The van is estimated to be used for 9 years. The furniture & fixtures are depreciated using the straight-line method over 8 years. There is no residual value on the furniture and fixtures. May 31: Recorded interest on the note payable. May 31: Recorded interest on the notes receivable.