Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows. Debit credit Merchandise inventory Other (noninventory) assets Total liabilities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Salea salaries expense Rent expense-Selling space Store supplies expense Advertising expense office salaries expense $ 41,000 130,400 $ 25,000 10,000 94,550 8,000 225,600 2,250 12,000 74,500 32,000 8,000 1,500 13,000 28,500 3, 600 400 Rent expense-office space office supplies expense Totals 355,150 $355, 150 On August 31, 2016, merchandise inventory was $25,400, Supplementary August 31, 2017, reveal the following itemized costs records of merchandising activities for the year ende