Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis. The adjusted trial balance of ITI as at 30 September 20x1 is presented as follows $ Accounts Payable 150,600 your answers should include numerals only, no dollar sign ("$"), no comma", Accounts Receivable 271,160 eg five thousand dollars should be input as 5000, otherwise, no marks will be an Accumulated Depreciation - Building 507,600 Accumulated Depreciation - Equipment 389,800 Accumulated Depreciation - Motor vehicle 382,660 Allowance for Doubtful Accounts 27,116 Bad Debt Expense 32,591 Building 6,480,000 Followings are items from the income statement Cash 643,743 for the month ended 30 September 20x1 $ Depreciation Expense - Building 10,800 Net Sales [1] Depreciation Expense - Equipment 9,800 Cost of Good purchased [2] Depreciation Expense - Motor Vehicle 3,420 Cost of Goods available for sale [3] Dividends Payable 335,200 Cost of Goods Sold [4] Equipment 660,000 Gross Profit [5] Freight-in 400 Total Operating Expense [6] Freight-out 500 Operating Profit [7] Insurance Expense 1,200 Net Income [8] Interest Expense 250 Interest Payable 250 Following is items from retained earnings statement Interest Receivable 1,050 the income statement for the month ended 30 September 20x1 Interest Revenue 1,050 $ Long-term Investment 2,500,000 Ending Retained Earnings [9] Loss on Disposal 6,128 Merchandise Inventory 650,000 Motor Vehicle 475,000 Notes Payable 100,000 sM Following are the items from the statement of financial position as at 30 September 20x1 $ PPE (net book value) [10] Long Term Investment [11] Current Assets [12] Total Assets [13] Notes Receivable Prepaid Insurance Purchase Discounts Purchase Returns and Allowances Purchases Retained Earnings Salaries Expense Salaries Payable Sales Returns and Allowances Sales Revenue Share Capital - Ordinary Share Capital - Preference Share Premium - Ordinary Share Premium - Preference Supplies Supplies Expense Treasury Shares Unearned Rent Revenue Utilities Expense 210,000 10,800 918 1,200 193,000 208,108 118,800 81,000 980 436,960 4,400,000 4,000,000 1,000,000 200,000 3,000 9,040 46,000 120,000 4,800 Current Liabilities Equity Total Liabilities & Equity [14] [15] [16] Additional information: closing inventory at 30 September 20x1 is $698,000