On December 1, 2017, Sarasota Corp. had the account balances shown below.

		Debits				Credits
Cash		$5,230		Accumulated DepreciationEquipment		$1,600
Accounts Receivable		3,570		Accounts Payable		3,230
Inventory (3,100 x $0.60)		1,860		Common Stock		10,900
Equipment		23,000		Retained Earnings		17,930
		$33,660				$33,660

The following transactions occurred during December.

Dec. 3		Purchased 4,100 units of inventory on account at a cost of $0.73 per unit.
5		Sold 4,500 units of inventory on account for $0.90 per unit. (It sold 3,100 of the $0.60 units and 1,400 of the $0.73.)
7		Granted the December 5 customer $180 credit for 200 units of inventory returned costing $150. These units were returned to inventory.
17		Purchased 2,000 units of inventory for cash at $0.70 each.
22		Sold 1,800 units of inventory on account for $0.86 per unit. (It sold 1,800 of the $0.73 units.)

Adjustment data:

1.		Accrued salaries and wages payable $460.
2.		Depreciation on equipment $210 per month.
3.		Income tax expense was $240, to be paid next year.

Cash Dec. 1 Bal. 5230 Dec. 31 Bal. 5230 Accounts Receivable Dec. 1 Bal. 3570 Dec. 7 180 Dec. 5 4050 Dec. 31 8988 Dec. 22 1548 Dec. 31 Bal. 9168 9168 Dec. 31 Bal. Inventory Dec. 1 Bal. 1860 Dec. 5 2882 Dec. 3 2993 Dec. 22 1314 Dec. 7 150 Dec. 17 1400 Dec. 31 2207 Dec. 31 Bal. 6403 Dec. 31 Bal. 6403 Equipment Dec. 1 Bal. 23000 Dec. 31 23000 Dec. 31 Bal. 23000 Dec. 31 Bal. 23000 Accounts Payable Accumulated Depreciation Equipment Salaries and Wages Payable Common Stock Dec. 1 Bal. 10900 Dec. 1 Bal. 10900 Dec. 31 Bal. 10900 10900 Dec. 31 Bal. Income Taxes Payable Retained Earnings Sales Revenue Salaries and Wages Expense Cost of Goods Sold Sales Returns & Allowances Depreciation Expense Income Tax Expense