Valley Company's adjusted trial balance on August 31, Its fiscal year-end, follows. It categorizes the following accounts as selling expenses sales salaries expense, rent expenseseling space, store supplies expense, and advertising expense. It categorizes the remaining expenses as general and administrative, Credit beble $ 42,300 41,610 $ 24,100 16,000 20,000 8.000 226.109 Merchandise Lwentory (ending) Other honventory) ants Total Habilities Common stock Betained earning Dividendo sales Sales discounts Sales retums and allowances Cont of goods sold Bales salaries expense Rentep-in space Store wupplies expeha Advertising penas offies salaries expense It see ottice space ottie is exte Total 2,240 14,000 71,700 31,500 0.240 1,700 13,000 25.000 3,500 350 1705,500 $286.900 Begioning merchandise inventory was $25,600. Supplementary records of merchandising activities for the year ended Augusta! reveal the following mixed costs. 391,200 two coat of archado por Purchase that relv Purchase return and all com transportation 2.000 4,100 4.500 Required: pre doing this Augustine perpetual inventory Systems Carnal Bm Del 225,700

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