Required information [The following information applies to the questions displayed below.] One Product Corporation (OPC) incorporated at the beginning of last year. The balances on its post-closing trial balance prepared on December 31, at the end of its first year of operations, were: Cash 22,650 Accounts Receivable 8,320 Allowance for Doubtful Accounts 1,085 Inventory 12,060 Prepaid Rent 2,000 Equipment 49,000 Accumulated Depreciation 4,800 Accounts Payable Sales Tax Payable 500 FICA Payable Withheld Income Taxes Payable Salaries and Wages Payable Unemployment Tax Payable 600 500 1,600 300 Deferred Revenue 4,500 Interest Payable 540 Notes Payable (long-term) 24,000 Common Stock 19,100 Additional Paid-In Capital, 20,165 Common Retained Earnings 20,340 Treasury Stock 4,000 The following information is relevant to the first month of operations in the following year: