Rochet Corporation is o wholes ole distributor of truck replocement ports. Initisl omounts token from Rochet's records are os follows: Inventory at Decenber 31 (based on a physical count of goods in Rachet's warchouse on Decerber 31) \$1,33, ee Accounts poyable at December 31: Additional Information: 1. Ports held by Rochet on consignment from Crates, smounting to $195,000, were included in the physical count of goods in Rochet's worehouse and in occounts poysble at December 31 . 2 Ports totoling $30,000, which were purchosed from Freight and poid for in December, were sold in the last week of the year and oppropriotely recorded as sales of $36,000. The parts were included in the physical count of goods in Rachet's worehouse on December 31 becouse the parts were on the looding dock waiting to be picked up by customers. 3. Ports in tronsit on December 31 to customers, shipped fo.b. shipping point on December 28 , omounted to $50,000. The customers received the ports on January 6 of the following yesr. Soles of $56,000 to the customers for the parts were recorded by Rochet on January 2. 4. Retailers were holding goods on consignment from Rachet, which had a cost of $290,000 and a retail value of $330,000. 5. Goods were in tronsit from Geors to Rochet on December 31. The cost of the goods wss $33,000, and they were shipped f.o.b. shipping point on December 29. 6. A freight bill in the omount of $2,800 specifically relating to inventory purchosed in December, oll of which wos still in the inventory at December 31 , wos received on Janusry 3 . The freight bill wos not included in either the inventory or in occounts payable at December 31 . 7. All the purchsses from Boxes occurred during the last seven doys of the yesr. These items hove been recorded in sccounts poysble and accounted for in the physical inventory ot cost before discount. Rochet's policy is to poy invoices in time to take sovontege of all discounts, odjust inventory accordingly, and record sccounts paysble net of discounts. Required: Complete the following schedule of ocjustments to the initisl smounts. Rochet Corporation is o wholes ole distributor of truck replocement ports. Initisl omounts token from Rochet's records are os follows: Inventory at Decenber 31 (based on a physical count of goods in Rachet's warchouse on Decerber 31) \$1,33, ee Accounts poyable at December 31: Additional Information: 1. Ports held by Rochet on consignment from Crates, smounting to $195,000, were included in the physical count of goods in Rochet's worehouse and in occounts poysble at December 31 . 2 Ports totoling $30,000, which were purchosed from Freight and poid for in December, were sold in the last week of the year and oppropriotely recorded as sales of $36,000. The parts were included in the physical count of goods in Rachet's worehouse on December 31 becouse the parts were on the looding dock waiting to be picked up by customers. 3. Ports in tronsit on December 31 to customers, shipped fo.b. shipping point on December 28 , omounted to $50,000. The customers received the ports on January 6 of the following yesr. Soles of $56,000 to the customers for the parts were recorded by Rochet on January 2. 4. Retailers were holding goods on consignment from Rachet, which had a cost of $290,000 and a retail value of $330,000. 5. Goods were in tronsit from Geors to Rochet on December 31. The cost of the goods wss $33,000, and they were shipped f.o.b. shipping point on December 29. 6. A freight bill in the omount of $2,800 specifically relating to inventory purchosed in December, oll of which wos still in the inventory at December 31 , wos received on Janusry 3 . The freight bill wos not included in either the inventory or in occounts payable at December 31 . 7. All the purchsses from Boxes occurred during the last seven doys of the yesr. These items hove been recorded in sccounts poysble and accounted for in the physical inventory ot cost before discount. Rochet's policy is to poy invoices in time to take sovontege of all discounts, odjust inventory accordingly, and record sccounts paysble net of discounts. Required: Complete the following schedule of ocjustments to the initisl smounts