[The following information applies to the questions displayed below. Tungsten Company, Inc., sells heavy construction equipment. There are 10,500 shares of capital stock outstanding The annual fiscal period ends on December 31. The following condensed trial balance was taken from the general ledger on December 31, Current Year: Account Titles Debit Credit Cash Accounts recelvable (net) Inventory, ending Operational assets Accumulated depreclation Liablitles Capltal stock Retalned earnings, January 1, Current Year Sales revenue Sales returns and allowances Cost of goods sold Selling expense Administrative expense Bad debt expense Sales discounts Income tax expense $ 33,900 15,000 52,100 41,400 $ 18,100 24,400 72,900 15,680 147,200 6,800 78,800 15,300 15,900 3,200 8,000 7,880 Totals $ 278,280 $278,280