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Required information Exercise 6-21B Complete the accounting cycle using inventory transactions (LO6-2, 6-3, 6-5, 6-6, 6- 7) [The following information applies to the questions displayed below] On January 1. Year 1, the general ledger of a company includes the following account balances: Accounts Debit Credit Cash $ 22, 900 Accounts Receivable 39, 000 Allowance for Uncollectible Accounts $ 4, 100 Inventory 35, 000 Land 69, 100 Accounts Payable Notes Payable (12%, due in 3 years) 29, 900 Common Stock 35, 000 Retained Earnings 61, 000 36, 000 Totals $ 166, 000 $ 166, 000 The $35,000 beginning balance of inventory consists of 350 units, each costing $100. During January Year 1. the company had the following inventory transactions,