The following adjusted balances were taken from the ledger of EBC Trading on December 31, 2016: Cash Accounts Receivable Interest Receivable Merchandise, January 1 Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Notes Payable Interest Payable E, Capital E, Drawing B, Capital B, Drawing C, Capital Sales Sales Discount Sales Returns Purchases Purchase Returns Purchase Discount Sales Salary Expense Supplies Expense Rent Expense Utilities Expense Insurance Expense Interest Expense Interest Income P 350,000 33,950 1,500 50,000 2,650 40,000 75,000 P 25,000 15,000 10,000 1,000 50,000 10,000 75,000 15,000 100,000 980,650 5,500 3,500 455,000 7,500 3,300 97,000 16,600 80,000 24,000 8,250 1,000 1,500 P1,268,950 P 1,268,950