Valley Companys adjusted trial balance on August 31, 2016, its fiscal year-end, follows.

Valley Company's adjusted trial balance on August 31, 2016, its fiscal year-end, follows. Debit $34.000 Merchandise inventory Other (noninventory) assets Total liabilities Common stock Retained earnings 136,000 $39.270 45.768 67,851 8,000 Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-Office space Office supplies expense Totals 232,560 3.558 15.349 90,401 31.861 10,930 2,791 19,768 29,070 2,791 930 385,449 $ 385.449 On August 31, 2015, merchandise Inventory was $27,438. Supplementary records of merchandising activities for the year ended August 31, 2016, reveal the following Itemized costs. Invoice cost of merchandise purchases Purchase discounts received Purchase returns and allowances Costs of transportation-in $99,960 2.099 4.798 3,900