need help on part 3, thank you

25.29 Sheffield Corp's unadjusted trial balance at December 1, 2017, is presented below. Debit Credit Cash $25,700 Accounts Receivable 35.700 Notes Receivable 8.000 Interest Receivable 0 Inventory 36,070 Prepaid Insurance 3,300 Land 22,000 Buildings 148,800 Equipment 61.000 Patent 10,080 $450 Allowance for Doubtful Accounts Accumulated Depreciation-Buildings 49,600 Accumulated Depreciation-Equipment 24,400 28,400 Accounts Payable 0 Salaries and Wages Payable 12,000 Notes Payable (due April 30, 2018) 25.297 Income Taxes Payable Interest Payable 0 Notes Payable (due in 2023) 35.100 Common Stock 56,700 Retained Earnings 11,100 Dividends 12,000 Sales Revenue 950,000 Interest Revenue 0 Gain on Disposal of Plant Assets 0 Bad Debt Expense Cost of Goods Sold 635,000 0 Depreciation Expense 0 Income Tax Expense 0 Insurance Expense 0 Interest Expense Other Operating Expenses 61,600 0 Amortization Expense Calarior and Wages Fynense 108,500 Question 1 of 1 25.29/50 Salaries and Wages Expense 108,500 Total $1.167.750 $1,167.750 The following transactions occurred during December Dec. 2 Purchased equipment for $18,000, plus sales taxes of $1,200 (paid in cash). 2 Sheffield sold for $3,500 equipment which originally cost $4,800. Accumulated depreciation on this equipment at January 1, 2017, was $1,800, 2017 depreciation prior to the sale of equipment was $420. Sheffield sold for $5,150 on account inventory that cost $3,420. Salaries and wages of $6,710 were paid. 15 23 Adjustment data: 1. Sheffield estimates that uncollectible accounts receivable at year-end are $3,850. 2. 3. 4. The note receivable is a one-year, 8% note dated April 1, 2017. No interest has been recorded. The balance in prepaid insurance represents payment of a $3,300, 6-month premium on September 1, 2017 The building is being depreciated using the straight-line method over 30 years. The salvage value is $30,600. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost. The equipment purchased on December 2, 2017 is being depreciated using the straight-line method over 5 years, with a 5. 6 Question 1 of 1