Can you please explain me this problem:

Please explain with like which goes into Debit and Credit like the problem did.

The trail Balance for Nugent Corp at December 31 2024:

Additional Information: Nugent Corp follows a periodic inventory system

Required: Prepare a Classified SFP as a December 31, 2024 . Ignore income taxes.

Credit Debit $3,269,000 5,110,000 503,000 1,108,000 200,000 310,000 8,580,000 610,000 400,000 180,000 380,000 546,600 940,000 Cash Selling Expenses FV-NI Investment (at F.V.) Unusual Loss Unrealized Gain/Loss on Investment Begiining Inventory Sales Revenue Bond Investment at Amortized Cost Land Accumulated Depreciation - Equip. Accounts Payable Note Payable (Due in 22 months.) Equipment Accumulated Depreciation - Building Accrued Liabilities Note Payable (Due in 11 months.) Common Shares Building FV-OCI Investment (F.V. $900,000) Accounts Receivable Purchases Accumulated OCI Allowance for Doubtful Accounts Administrative Expenses Prepaid Insurance Intangible Assets - Licence Bonds Payable Intangible Assets - Patents Retained Earnings Interest Expense 505,000 209,000 138,000 2,000,000 3,100,000 820,000 810,000 355,000 4,100,000 280,000 1,760,000 750,000 350,000 2,500,000 188,000 990,000 225,600 $20,608,600 $20,608,600