Merchandise inventory The following is a list of Carol's Calculators' adjusted account balances at the end of the company's fiscal year on November 30, 2021: Accounts payable Accounts receivable $ 32,310 34,360 13,770 Mortgage payable 156,000 Accumulated depreciation-building 61,200 Prepaid insurance 4,500 Accumulated depreciation-equipment 19,880 Property tax expense 3,500 Building 175,000 Purchases 634,700 C. Stewart, capital 104,480 Purchase discounts 6,300 C. Stewart, drawings 12,000 Purchase returns and allowances 13,315 Cash 8,500 Rent revenue 2,800 Depreciation expense 14,000 Salaries expense 122,000 Equipment 57,000 Salaries payable 8,500 Freight in 5,060 Sales 822,000 Freight out 8,200 Sales discounts 8,250 Insurance expense 9,000 Sales returns and allowances 9,845 Interest expense 5,300 Uneamed revenue 3,000 Land Utilities expense 85,000 19,800