On January 1, 2022, the ledger of Coronado Company contains these liability accounts. Accounts Payable $56,000 8,100 Sales Taxes Payable Unearned Service Revenue 16,000) During January, these selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 14 20 21 225 Performed services for customers who had made advance payments of $10,500. (Credit Service Revenue.) Paid state revenue department for sales taxes collected in December 2021 ($8,100). Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1-ye warranty. Borrowed $22,500 from Girard Bank on a 3-month, 8%, $22,500 note. Sold merchandise for cash totaling $7,128, which includes 8% sales taxes.