The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2012: Cash $238,400 Accounts receivable 960,300 Inventory 1,644,400 Estimated returns inventory 20,900 Office supplies 22,200 Prepaid insurance 15,100 Office equipment 825,800 Accumulated depreciation-office equipment 551,100 Store equipment 3,603,000 Accumulated depreciation-store equipment 1,819,400 Accounts payable 356,700 Customer refunds payable 48,800 Salaries payable 44,900 Note payable (final payment due in 6 years) 285,000 Common stock 507,300 Retained earnings Dividends Sales 2,822,800 108,200 11.405.100