On December 312020, Regal Group finished its second year of operations. Early in 2020 Eric Boyd invested an additional $35.000 in the business and $25.000 the long term note payable is due September 30, 2021. Regal Group's accountant has finalized the company's records and provided the following adjusted account balances. Note: all accounts have normal balance Accounts Balance Accounts Balance Accounts Payable 20,000 Miscellaneous expenses Accounts Receivable 32.750 Note Receivable due 42.000 December 2022 Accumulated 1750 Orice Equipment 1,500 depreciation office equipment Accumulated 75 Orice salaries expense 3036) depreciation, store equipment Advertising expense 16,200 Office supplies expense 1200 $4,8 Prepard Hent 1000 Copyright 65,000 Rent expense, office 32400 sace Cost of goods sold 2695.00 Rent expenseseling 75.600 space Depreciation expense, 875 Salaries Payable 1,500 office equipment Depreciation expense 3.750 Sales 532.500 store equipment En Boyd Ceoital 16,640) Sales discounts 2.500 Eric Boyd Withdrawals 9000 Sales returns and allowances On December 312020, Regal Group finished its second year of operations. Early in 2020 Eric Boyd invested an additional $35.000 in the business and $25.000 the long term note payable is due September 30, 2021. Regal Group's accountant has finalized the company's records and provided the following adjusted account balances. Note: all accounts have normal balance Accounts Balance Accounts Balance Accounts Payable 20,000 Miscellaneous expenses Accounts Receivable 32.750 Note Receivable due 42.000 December 2022 Accumulated 1750 Orice Equipment 1,500 depreciation office equipment Accumulated 75 Orice salaries expense 3036) depreciation, store equipment Advertising expense 16,200 Office supplies expense 1200 $4,8 Prepard Hent 1000 Copyright 65,000 Rent expense, office 32400 sace Cost of goods sold 2695.00 Rent expenseseling 75.600 space Depreciation expense, 875 Salaries Payable 1,500 office equipment Depreciation expense 3.750 Sales 532.500 store equipment En Boyd Ceoital 16,640) Sales discounts 2.500 Eric Boyd Withdrawals 9000 Sales returns and allowances