On January 1, 2024, Displays Incorporated had the following account balances: From January 1 to December 31, the following summary transactions occurred: a. Purchased inventory on account for $350,000. b. Sold inventory on account for $670,000. The cost of the inventory sold was $330,000. c. Received $596,000 from customers on accounts receivable. d. Paid freight on inventory received, $44,000. e. Paid $340,000 to inventory suppliers on accounts payable of $349,000. The difference reflects purchase discounts of $9,000. f. Paid rent for the current year, \$62,000. The payment was recorded to Rent Expense. g. Paid salaries for the current year, $170,000. The payment was recorded to Salaries Expense. Year-end adjusting entries: a. Supplies on hand at the end of the year are $8,000. b. Accrued interest expense on notes payable for the year. c. Accrued income taxes at the end of December are $38,000. Usina the information from the requirements above, complete the 'Analysis