please fill out blanks exactly

Preparing Adjusting Entries (FSET) Fischer Card Shop is a small retail shop. Fischer's balance sheet at year-end 2021 is as follows: The following information details transactions and adjustments that occurred during 2022. 1. Sales total $218,775 in 2022 ; all sales were cash sales 2. Inventory purchases total $114,300 in 2022; at December 31, 2022, inventory totals $21,750. Assume all purchases were made on account. 3. Accounts payable totals $6,150 at December 31,2022. 4. Annual insurance premiums of $36,000 were paid on March 1, 2022, covering the next 12 months. The balance in prepaid insurance at December 31,2021 , was the balance remaining from the advance premium payment in 2021. 5. Wages are paid every other week on Friday; during 2022, Fischer paid $18,750 cash for wages. At December 31, 2022, Fischer owed employees unpaid and recorded wages of $525. 6. Depreciation on equipment totals $2,550 in 2022