Required information The following information applies to the questions displayed below.) The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. @nedits Debits 4,400 1 400 4,400 1@,400 Account Titie dash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 2,900 2,400 9,000 16,300 @ @ @ @ 120,600 20, 600 The following transactions occurred during January 2021: uan 1 Sola merchandise for cash, $2,900, The cost of the merchandise was $1,400. The company uses the perpetual Inventory system. 2 Punchased equipment on account for $4,900 from the strong company 4 Received a $200 invoice from the local eles paper requesaing payuent fon an advertisement that Whitlow placed in Prev BE 5 87 of 8 sm Next