Recording Various Liabilities Glenview Hardware had the following transactions that produced liabilities during the year: a. Purchased merchandise on credit for $30,000. (Note: Assume a periodic inventory system). c. Year-end estimated income taxes payable, but unpaid, for the year were $42,850. d. Sold merchandise on account for $1,365, including state sales taxes of $65. (Note: Assume a periodic inventory system). e. Employer's share of Social Security and Medicare taxes for the period were $1,240 and $290, respectively. f. Borrowed cash under a 90-day, 9%,$25,000 note. Recording Various Liabilities Glenview Hardware had the following transactions that produced liabilities during the year: a. Purchased merchandise on credit for $30,000. (Note: Assume a periodic inventory system). c. Year-end estimated income taxes payable, but unpaid, for the year were $42,850. d. Sold merchandise on account for $1,365, including state sales taxes of $65. (Note: Assume a periodic inventory system). e. Employer's share of Social Security and Medicare taxes for the period were $1,240 and $290, respectively. f. Borrowed cash under a 90-day, 9%,$25,000