You asked: "The balances in the accounts of M Company at December 31, 2008 are as follows: Accounts payable ...................................... $ 119,000 Accounts receivable ................................... 139.200 Advertising expenditure ................................... 12.000 Accumulated Depreciation - Buildings ................... 31.500 Uncollectible accounts ....................... 2.550 Buildings ............................................. 315.000 Capital assets, $ 10 par ................................ 450.000 Cash ................................................. . 45.750 Dividends ............................................. 12.000 Freight ............................................ 10.500 Shipping and insurance ..................................... 2.100 Interest expense ...................................... 5.295 Interest income ...................................... 1.335 Inventory, December 31, 2007 .......................... 104.850 Land ................................................. . 78.000 Long-term investments ................................. 12.150 Mortgage payable ...................................... 43.500 Notes Payable - Short-term ............................. 24.000 Office expenses ........................................ 28.800 Shopping ............................................. 521.130 Discounts for the purchase .................................... 12.150 Retained earnings, December 31, 2007 .................. 13.695 Sales ................................................. 745.000 Discounts of sales ....................................... 24.750 Returns of sales ......................................... 14.400 Cost of sales ....................................... 94.050 Articles expenses ...................................... 3.450 Real property taxes and payroll ......................... 19.305 Adjustments required by December 31, 2008: (a) The available inventory is $ 135.915. (b) Bad debts amount to a balance of $ 6,250. (c) Buildings are depreciated at a rate of 5%