The following selected accounts and their current balances appear in the ledger

of Case-It Co. for the fiscal year ended November 30, 2010

Cash $ 37,700 Sales $2,703,600

Accounts Receivable 111,600 Sales Returns and Allowances 37,800

Merchandise Inventory 180,000 Sales Discounts 19,800

Office Supplies 5,000 Cost of Merchandise Sold 1,926,000

Prepaid Insurance 12,000 Sales Salaries Expense 378,000

Office Equipment 115,200 Advertising Expense 50,900

Accumulated Depreciation