The current assets and current liabilities sections of the balance sheet of Sarasota Company appear as follows. SARASOTA COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2020 Cash $ 46,100 Accounts payable $ 56,560 Accounts receivable $95,900 Notes payable 67,760 Less: Allowance for doubtful accounts 8,850 87,050 $124,320 Inventory: 163,710 Prepaid expenses 9.840 $306,700 The following errors in the corporation's accounting have been discovered: 1. 2. January 2021 cash disbursements entered as of December 2020 included payments of accounts payable in the amount of $39,900, on which a cash discount of 2% was taken. The inventory included $31,250 of merchandise that had been received at December 31 but for which no purchase invoices had been received or entered. Of this amount, $12.200 had been received on consignment; the remainder was purchased