Sandhill had the following account balances at December 31, 2023: During 2024, the following transactions occurred: 1. Sales of paninis for cash were $646,000 and sales of paninis on account were $60,000 2. Purchases of ingredients were $174,000, all on account. 3. Collections from customers for sales on account totalled 517,900 . 4. The company pald $44.700 for utilities expenses. 5. Ingredients with a cost of 5200,000 were used in paninis that were sold. information for adjusting entries: 9. The balance in the 5upplies account at the end of 2024 was $1,200. 10. Wages owed to emplovees at the end of 2024 were 33,44 a 11. At the end of 2024 , the account batance in Prepaid Insurance was $2.500 12. The equipment had an estimated useful iffe of eight years with a residual valive of \$3.000. Enter the beginning balances trom 2023, post the 2024 entries, and calculate the balance in each account (Pait entries in the prider of Journol entries presented In the previous port. If beginning balance is zero, enter 0 in the column for the narmat balance for that account.) Accounts Recelvable 2.75.11= Equipment Accumulated Depreciation, Equipment Question 3 of 3 Common Shares Cost of Goods Sold