On December 1, 2022, Matthias Company had the following account balances. Debit Credit Cash $4,300 Accumulated Depreciation-Equipment $1,700 Accounts Receivable 4,300 Accounts Payable 2,800 Inventory 1,860 Common Stock 19,600 Equipment 19,300 Retained Earnings 5,660 $29,760 $29,760 *(3,100 x $0.60) The following transactions occurred during December. Dec. 3 Purchased 3,800 units of inventory on account at a cost of $0.66 per unit. 5 7 Sold 4,600 units of inventory on account for $0.90 per unit. (Matthias sold 3,100 of the $0.60 units and 1,500 of the $0.66.) Granted the December 5 customer $180 credit for 200 units of inventory returned costing $144. These units were returned to inventory. 17 Purchased 2,000 units of inventory for cash at $0.80 each. 22 Sold 1,400 units of inventory on account for $0.95 per unit. (Matthias sold 1,400 of the $0.66 units.) Adjustment data: 1. Accrued salaries payable $420. 2. Depreciation $180 per month.