Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows. Merchandise inventory 41,000 other (noninventory) Total liabilities K. Valley, Capital s 25,000 104, 550 8,000 K. Valley, Withdrawals 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 225, 600 2,250 12,000 74,500 32,000 8,000 1,500 13,000 28, 500 3, 600 office supplies expense Totals 400 $355,150 $355, 150 On August 31, 2016, merchandise inventory was $25,400. Supplementary records of merchandising activities for the year ended August 31, 2017, reveal the following itemized costs