At December $31,2024,$ Blossom Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations:

Account

Debit

Credit

Accounts payable

$$420,000$

Accounts receivable

$$840,000$

Cash

$48,000$

Cost of goods sold

$2,100,000$

Interest receivable

$1,350$

Interest revenue

$2,700$

Merchandise inventory

$390,000$

Notes receivable, due April $10,2025$

$54,000$

Prepaid insurance

$9,600$

Sales

$4,908,000$

Sales returns and allowances

$120,000$

Short$-$term investments

$60,000$

Unearned revenue

$30,000$