The trial balance of Metlock Wholesale Company contained the following accounts shown at December 31, the end of the company's fiscal year. METLOCK WHOLESALE COMPANY Trial Balance December 31,2022 Debit Credit Cash $ 31,400 Accounts Receivable 38,600 Inventory 73,000 Land 91,000 Buildings 199,000 Accumulated Depreciation-Buildings $ 59,000 82,500 Equipment Accumulated Depreciation-Equipment 39,500 Notes Payable Accounts Payable Common Stock 53,700 16,500 159,000 Retained Earnings Dividends Sales Revenue 66,200 9,000 921,100 Sales Discounts 5,000 Cost of Goods Sold 708,900 Salaries and Wages Expense 50,300 Utilities Expense 10,400 Maintenance and Repairs Expense 7,900 Advertising Expense 4,200 Insurance Expense 3,800 $1,315,000 $1,315,000 Adjustment data: Depreciation is $7,000 on buildings and $6,000 on equipment. (Both are operating expenses.) Interest of $3,500 is due and unpaid on notes payable at December 31. 1. 2. 3. Income tax due and unpaid at December 31 is $23,000. Other data: $14,000 of the notes payable are payable next year.