Valley Company's adjusted account balances from its general ledger on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store supplies expense, and advertising expense. It categorizes the remaining expenses as general and administrative. Adjusted Account Balances Merchandise inventory (ending) Other (non-inventory) assets Debit $36,000 144,000 Credit Total liabilities $ 41,580 K. Valley, Capital 119,601 K. Valley, Withdrawals 8,000 Sales 246,240 Sales discounts 3.767 Sales returns and allowances 16,252 Cost of goods sold 95,489 Sales salaries expense 33,735 Rent expense-Selling space 11.573 Store supplies expense 2,955 Advertising expense Office salaries expense Rent expense-Office space Office supplies expense Totals 20,930 30,780 2,955 985 $ 407,421 $ 407,421