Required Information [The following information applies to the questions displayed beiow] Valley Company's adjusted account balances from its general ledger on August 31, its fiscal year-end, follows, it categorizes the following accounts as selling expenses; sales salaries expense, rent expense-selling space, store supplies expense, and advertising expense. It categorizes the remaining expenses as general and administrative. Beginning merchandise inventory was $34701 Suppiementary recoros of merchandising activities for the year ended August 31 reveal the following itemized costs