The following is the balance sheet of Korver Supply Company at December $31,2023($prior year$).$

$\backslash$table$[[\backslash$table$[[$KORVER SUPPLY COMPANY$],[$Balance Sheet$],[$At December $31,2023]],,],[$Assets$,,],[$Cash$,$$$,125,000],[$Accounts receivable,,$250,000],[$Inventory$,,200,000],[$Furniture and fixtures $($net$),,145,000],[$Total assets,$$,720,000],[$Liabilities and Shareholders' Equity,,$],[$Accounts payable $($for inventory$),$$$,200,000],[$Notes payable,,$210,000],[$Interest payable,,$8,400],[$Common stock,,$100,000],[$Retained earnings,,$201,600],[$Total liabilities and shareholders' equity,$$,720,000]]$

Transactions during $2024($current year$)$ were as follows:

$\backslash$table$[[1.$ Sales to cust$$mers on account,$$860,000$