The following information applies to the questions displayed below Valley Company's adjusted trial balance on August 31, 2013, Its flscal year-end, follows. DebltCredit $ 41,000 Merchandise inventory Other (noninventory) assets 130,400 Total liabilities Common stock $ 25,000 0,000 94,550 Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense -Office space Office supplies expense 8,000 225,600 2,250 12,000 74,500 32,000 8,000 1,500 13,000 28,500 3,600 400 Totals $ 355,150 355,150 On August 31, 2012, merchandise inventory was $25,400. Supplementary records of merch activities for the year ended August 31, 2013, reveal the following itemized costs Invoice cost of merchandise purchases Purchase discounts received Purchase returns and allowances Costs of transportation-in $92,000 2,000 4,500 4,600