In 2021, two friends, Boomer and Sooner opened an OU souvenir store on Campus Corner. During the year, the owners recorded the following cash receipts and payments: Boomer and Sooner ask you to prepare the December 31, 2021, financial statements. Additional information was provided to you: 1. Customers owed the company $13,500 at year-end. 2. At year-end, $25,550 was still due to suppliers of merchandise purchased on credit. 3. At year-end, merchandise inventory costing $39,800 still remained on hand. 4. Salaries owed to employees at year-end amounted to $3,450. 5. The cash paid for rent includes $1,350 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. 6. The office equipment, which has a 10-year life and no salvage value, was purchased on January 1, 2021. Straight-line depreciation is used. Required