On December 1, 2020, Swifty Company had the account balances shown below. Debit Cash $5,200 Accumulated Depreciation-Equipment Accounts Receivable 4,400 Accounts Payable Inventory 1,800* Owner's Capital Equipment 22,000 $33,400 Credit $1,100 3,000 29,300 $33,400 *(3,000 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 5,000 units of inventory on account at a cost of $0.74 per unit. 5 Sold 5,500 units of inventory on account for $0.90 per unit. (Swifty sold 3,000 of the $0.60 units and 2,500 of the $0.74.) 7 Granted the December 5 customer $159 credit for 200 units of inventory returned costing $106. These units were returned to inventory. 17 Purchased 2,000 units of inventory for cash at $0.80 each. 22 Sold 2,000 units of inventory on account for $0.95 per unit. (Swifty sold 2,000 of the $0.74 units.) Adjustment data: 1. Accrued salaries payable $400. 2. Depreciation $400 per month.