On January 1, 2022, the ledger of Vaughn Company contains these liability accounts. Accounts Payable $57,000 Sales Taxes Payable 8,400 Unearned Service Revenue 16,500 During January, these selected transactions occurred. Jan. 5 22 12 14 225 20 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 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 ($8,400). 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-year warranty. 21 Borrowed $22,500 from Girard Bank on a 3-month, 8%, $22.500 note. 22 25 Sold merchandise for cash totaling $9,288, which includes 8% sales taxes. Current Liabilities Accounts Payable Vaughn Company Balance Sheet (Partial) January 31, 2022 Sales Taxes Payable Unearned Service Revenue Notes Payable Interest Payable Warranty Liability 57000 8400 6000 24750 55 3150 Total Current Liabilities 140827