The trial balance of Peoples Choice Wholesale Company contained the following accounts shown at December 31, the end of the companys fiscal year.

The trial balance of People's Choice Wholesale Company contained the following accounts shown at December 31, the end of the company's fiscal year. PEOPLE'S CHOICE WHOLESALE COMPANY Trial Balance December 31, 2017 Credit Debit $69,080 Cash Accounts Receivable Inventory Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Discounts Cost of Goods Sold Salaries and Wages Expense Utilities Expense Maintenance and Repairs Expense Advertising Expense Insurance Expense 82,720 154,000 202,400 440,000 132,000 183,700 89,100 120,340 38,500 352,000 147,840 22,000 2,028,620 13,200 1,561,780 112,860 25,080 19,580 11,440 10,560 $2,908,400 $2,908,400 Adjustment data: 1. Depreciation is $17,600 on buildings and $15,400 on equipment. (Both are operating expenses.) 2. Interest of $9,900 is due and unpaid on notes payable at December 31. 3. Income tax due and unpaid at December 31 is $52,800. Other data: 33,000 of the notes payable are payable next year