Problem 1 (36 pts) The adjusted Trial Balance of Peterson Company on December 31, 2020 is shown below: Peterson Company Cash $5,200 Accounts Receivable 1,000 Prepaid Rent 900 Trial Balance December 31, 2020 DR CR Short term Investment 1,500 Supplies 1,100 Building - Office 19,000 Land used in operation 10,000 Accumulated Depreciation-Building $ 4,500 Current portion of Long term note payable 2,000 Notes payable (due 3-30-2022) 5,000 Accounts Payable 1,200 Salaries Payable 900 Uneamed Revenue 750 Sales Revenue 25,000 Sales Retum and Allowance 2,000 Sales Discount 500 Common Stock 15,000 Retained Eamings 2,250 Dividends 750 Cost of Goods Sold 12,000 Sales Commission Expense 400 Depreciation Expense - Office Building 1,500 Supplies Expense 350 Utilities - Expense 300 Advertising Expense 100 $56,600 $56,600