On December 1, 2017, Splish Brothers Inc. had the account balances shown below.

		Debits				Credits
Cash		$5,200		Accumulated DepreciationEquipment		$1,390
Accounts Receivable		3,830		Accounts Payable		3,050
Inventory (3,100 x $0.60)		1,860		Common Stock		9,500
Equipment		21,700		Retained Earnings		18,650
		$32,590				$32,590

The following transactions occurred during December.

Dec. 3		Purchased 4,100 units of inventory on account at a cost of $0.67 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 $0.67.)
7		Granted the December 5 customer $270 credit for 300 units of inventory returned costing $240. These units were returned to inventory.
17		Purchased 2,000 units of inventory for cash at $0.80 each.
22		Sold 1,900 units of inventory on account for $0.91 per unit. (It sold 1,900 of the $0.67 units.)

Adjustment data:

1.		Accrued salaries and wages payable $440.
2.		Depreciation on equipment $180 per month.
3.		Income tax expense was $190, to be paid next year.