can someone explaine from where they got 72,500 on the second T-account. I didn't understand it.

ning Objective 7 Appendix 54 E5A-29 Journalizing closing entries-periodic inventory system Nautical Dream Boat Supply uses the periodic inventory method. The adjusted trial balance of Nautical Dream Boat Supply at December 31, 2016, follows: Cal Balance 595.600 NAUTICAL DREAM BOAT SUPPLY Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash $ 3,700 Accounts Receivable 15,700 Merchandise Inventory (beginning) 44,700 Office Supplies 8,800 Equipment 59,900 Accumulated Depreciation-Equipment $ 19,900 Accounts Payable 12,000 Salaries Payable 1,000 Notes Payable, long-term 11,900 Apple, Capital 51,500 Apple, Withdrawals 60,700 Sales Revenue Sales Returns and Allowances 330,000 1,900 Sales Discounts Interest Revenue 2,100 Purchases 3,200 274,600 Purchase Returns and Allowances Purchase Discounts Selling Expense Administrative Expense Total 94,200 8,000 38,700 20,900 5 531,700 5 531,700 Step 4 of 5 Done Therefore, the journal entries mentioned above can be summarized using T account as shown below: Income Summary Retained Earnings Clos, 2382,200 , 700 Clos 1 27.500Adj. Bal. 110.00 RAI Clos 400.00 105 NO Cles Cles, IOS, NO 72 Ral Hal Dividends Adj, al 60,700 60,700 Clos. 4