Accounts payable at December $31$:

$\backslash$table$[[$Vendor$,,],[$Boxes Company,$3\%10$ Terms,Amount$],[$Crates Company,$3\%,10$ days, net $30,$$ $283,000],[$Driver Company,Net $30,228,000],[$Express Company,Net $30,318,000],[$Freight Company,Net $30,243,000],[$Gears Company,Net $30,-],[$Accounts payable, December $31,$Net $30,(1,072,000],[$Sales for the year,,$ $1,072,000],[,,$$ $9,450,000]]$

Additional Information:

Parts held by Rachet on consignment from Crates, amounting to $$200,000,$ were included in the physical count of goods in Rachet's warehouse and in accounts payable at December $31.$

Parts totaling $$31,000,$ which were purchased from Freight and paid for in December, were sold in the last week of the year and appropriately recorded as sales of $$37,000.$ The parts were included in the physical count of goods in Rachet's warehouse on December $31$ because the parts were on the loading dock waiting to be picked up by customers.

Parts in transit on December $31$ to customers, shipped f$.$o$.$b$.$ shipping point on December $28,$ amounted to $$52,000.$ The customers received the parts on January $6$ of the following year. Sales of $$58,000$ to the customers for the parts were recorded by Rachet on January $2.$

Retailers were holding goods on consignment from Rachet, which had a cost of $$300,000$ and a retail valuefof $$340,000.$

Goods were in transit from Gears to Rachet on December $31.$ The cost of the goods was $$34,000,$ and they were shipped f$.$o$.$b$.$ shipping point on December $29.$

A freight bill in the amount of $$2,900$ specifically relating to inventory purchased in December, all of which was still in the inventory at December $31,$ was received on January $3.$ The freight bill was not included in either the inventory or in accounts payable at December $31.$

All the purchases from Boxes occurred during the last seven days of the year. These items have been recorded in accounts payable and accounted for in the physical inventory at cost before discount. Rachet's policy is to pay invoices in time to take advantage of all discounts, adjust inventory accordingly, and record accounts payable net of discounts.

Required:

Complete the following schedule of adjustments to the initial amounts.

Note: Amounts to be deducted should be indicated with a minus sign.

$\backslash$table$[[,$Inventory,Accounts Payable,Sales$],[$Initial amounts,$ $1,340,000,$$ $1,072,000,$$ $9,450,000],[$Adjustments$-$increase $($decrease$)$:$,,,],[1.,,,],[2.,,,],[3.,,,],[4.,,,],[5.,,,],[6.,,,],[7.,,,],[$Total adjustments,$0,0,0],[$Adjusted amounts,$ $1,340,000,$$ $1,072,000,$$ $9,450,000$