The December 31, 2016, unadJusted trial balance for the Wolksteln Drug Company ls presented below. December 31 is the company's fiscal year-end. Account Title Debits Credits Cash 53,040 29,000 Accounts recelvable Prepaid rent 4.400 Inventory 45,000 98,000 Equipment Accumulated depreclatlon-equlpment 29.400 Accounts payable 32,000 Salaries and wages payable Common stock 100,000 Retained earnings 28,000 Sales revenue 453,000 Cost of goods sold 271,800 90,600 Salaries and wages expense 26,400 Rent expense Depreclation expense Utility expense 18.120 Advertising expense 6,040 Totals 642.400 642.400 The following year-end adustlng entrles are requlred: a. Depreclatlon expense for the year on the equlpment ls $9,800. b. Accrued salaries and wages payable at year-end should be $5,840