Pepper Company provided the incomplete financial statements shown below as well as the following additional information:

$($current liabilities: $320,000)$

a$.$ All sales during the year were on account. $($Sales: $4,200,000)$

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: $($interest expense: $80,000)$

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

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