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On June 30, 2018, the balances of the accounts appearing in the ledger of Simkins Company are as follows: Cash $ 125,000 Dividends $ 275,000 Accounts Receivable 340,000 Sales 6.590,000 Inventory, July 1, 2017 415,000 Purchases 4100,000 Estimated Returns Inventory Purchases Returns and Allowances 32,000 July 1, 2017 25,000 Purchases Discounts 13,000 Office Supplies 9,000 Freight In 45,000 Prepaid Insurance 18,000 Sales Salaries Expense 580,000 Land 300,000 Advertising Expense 315,000 Store Equipment 550,000 Delivery Expense 18,000 Accumulated Depreciation Depreciation Expense- Store Equipment 190,000 Store Equipment 12,000 Office Equipment 250,000 Miscellaneous Selling Expense 28,000 Accumulated Depreciation, Office Salaries Expense 375,000 Office Equipment 110,000 Rent Expense 43,000 Accounts Payable 85,000 Insurance Expense 17,000 Customer Refunds Payable 30,000 Office Supplies Expense 5,000 Salaries Payable 9,000 Depreciation Expense- Unearned Rent 6,000 Othce Equipment 4,000 Notes Payable 50,000 Miscellancous Administrative Expense 16,000 Common Stock 300,000 Rent Revenue 32,500 Retained Earnings 520,000 Interest Expense 2.500 Instructions 1- prepare trial balance under periodic inventory system. 2- prepare trial balance under perpetual inventory system. 3- manufacturing and income summary and closing entries