On December 1, 2022, Bonita Company had the account balances shown below. Debit Credit Cash $4,500 Accumulated Depreciation-Equipment $1,100 Accounts Receivable 4,800 Accounts Payable 3,200 Inventory 2,400 Owner's Capital 31,400 Equipment 24,000 $35,700 $35,700 *(4,000 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 4,000 units of inventory on account at a cost of $0.74 per unit. 5 7 Sold 4,300 units of inventory on account for $0.90 per unit. (Bonita sold 4,000 of the $0.60 units and 300 of the $0.74.) Granted the December 5 customer $177 credit for 200 units of inventory returned costing $118. These units were returned to inventory. 17 Purchased 2,100 units of inventory for cash at $0.80 each. 22 Sold 3,200 units of inventory on account for $0.95 per unit. (Bonita sold 3,200 of the $0.74 units.) Adjustment data: 1. Recognized accrued salaries payable $400. 2. Recognized depreciation $360 per month.