Sales revenue

Sales discounts

Cost of goods sold

Salaries and wages expense (sales)

Sales commissions

52,100,500 12,680 1,490,300 54,600 135,800

Depreciation expense (office furniture and equipment)

Property tax expense

Bad debt expense (selling)

Maintenance and repairs

Travel expense (salespersons)

41,600

expense (administration)

Freight-out

31,100

Office expense

7,500

Entertainment expense.

21,930

Sales returns and allowances

30870

Telephone and Internet expense (sales)

11,300

Dividends received

21,000

Depreciation expense (sales equipment)

3,500

Interest expense

37,500

Maintenance and repairs expense (sales)

2,900

Income tax expense

63,000

Miscellaneous expenses (sales)

6,570

Depreciation overstatement

Office supplies used

2,900

due to error-2012 (net of tax)

31,000

Telephone and Internet expense (administration)

4,900

Dividends declared on preferred stock

15,000

Dividends declared on common stock

45030