Reagan Corporation is a wholesale distributor of truck replacement parts. Initial amounts taken from Reagan's records are as follows:

Inventory at December 31 (based on a physical count of goods in Reagan's warehouse on December 31)	$1,350,000

Accounts payable at December 31:

Vendor	Terms	Amount
Baker Company	3%, 10 days, net 30	$	285,000
Charlie Company	Net 30		230,000
Dolly Company	Net 30		320,000
Eagler Company	Net 30		245,000
Full Company	Net 30
Greg Company	Net 30
Accounts payable, December 31		$	1,080,000
Sales for the year		$	9,500,000

Additional Information:

Parts held by Reagan on consignment from Charlie, amounting to $205,000, were included in the physical count of goods in Reagan's warehouse and in accounts payable at December 31.

Parts totaling $32,000, which were purchased from Full and paid for in December, were sold in the last week of the year and appropriately recorded as sales of $38,000. The parts were included in the physical count of goods in Reagan's warehouse on December 31 because the parts were on the loading dock waiting to be picked up by customers.

Parts in transit on December 31 to customers, shipped f.o.b. shipping point on December 28, amounted to $54,000. The customers received the parts on January 6 of the following year. Sales of $60,000 to the customers for the parts were recorded by Reagan on January 2.

Retailers were holding goods on consignment from Reagan, which had a cost of $310,000 and a retail value of $350,000.

Goods were in transit from Greg to Reagan on December 31. The cost of the goods was $35,000, and they were shipped f.o.b. shipping point on December 29.

A freight bill in the amount of $3,000 specifically relating to merchandise purchased in December, all of which was still in the inventory at December 31, was received on January 3. The freight bill was not included in either the inventory or in accounts payable at December 31.

All the purchases from Baker occurred during the last seven days of the year. These items have been recorded in accounts payable and accounted for in the physical inventory at cost before discount. Reagan's policy is to pay invoices in time to take advantage of all discounts, adjust inventory accordingly, and record accounts payable net of discounts.

Required: Complete the schedule of adjustments to the initial amounts which is shown below. (Amounts to be deducted should be indicated with a minus sign.)