Pepper Company provided the ancial statements shown below as well as the fo d$$tional information:

a$.$ All sales during the year were on account.

b$.$ There was no change in the number of shares of common stock outstanding during the year.

c$.$ The interest expense on the income statement relates to the bonds payable; the amount of bonds outstanding did not change during the year.

d$.$ Selected balances at the beginning of the current year were:

$\backslash$table$[[$Accounts receivable,$$270,000$