On January 1, 2014, the ledger of Shumway Company contains the following liability accounts. Accounts Payable $52,120 Sales Taxes Payable 6,070 Unearned Service Revenue 16,580 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $13,482, which includes 7% sales taxes. 12 Provided services for customers who had made advance payments of $11,070. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2013 ($6,070). 20 Sold 605 units of a new product on credit at $50 per unit, plus 7% sales tax. 21 Borrowed $27,000 from DeKalb Bank on a 3-month, 8%, $27,000 note. 25 Sold merchandise for cash totaling $9,059, which includes 7% sales taxes