On December 31, Phillips Company had the following adjusted trial balance: Account Titles Debit Credit 12,760 7,910 6,580 30,000 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends Sales Sales Discounts Sales Returns and Allowances Cost of Goods Sold Selling Expenses General and Administrative Expenses 8,600 17,700 21,000 22,500 15,300 71,800 1,410 560 43,080 13,700 10.3001 141,600141,600