On December 1, 2022, Sunland Company had the account balances shown below. Debit Credit Cash $4,800 Accumulated Depreciation-Equipment $1,100 Accounts Receivable 5,000 Accounts Payable 3,000 Inventory 2,400 Owner's Capital 33,100 Equipment 25,000 $37,200 $37,200 *(4,000 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 4,400 units of inventory on account at a cost of $0.70 per unit. 5 7 Sold 4,900 units of inventory on account for $0.86 per unit. (Sunland sold 4,000 of the $0.60 units and 900 of the $0.70.) Granted the December 5 customer $165 credit for 200 units of inventory returned costing $110. These units were returned to inventory. 17 Purchased 2,000 units of inventory for cash at $0.76 each. 22 Sold 3,000 units of inventory on account for $0.91 per unit. (Sunland sold 3,000 of the $0.70 units.)