"Exercise 4-11 Your answer is incorrect. Try again The following are selected ledger accounts of Windsor Corporation at December 31, 2017 Cash Inventory Sales revenue Unearned sales revenue Purchases Sales discounts Purchase discounts Selling expenses Accounting and legal services Insurance expense (office) Advertising expense Delivery expense Depreciation expense (office equipment) 52,090 Interest expense Depreciation expense (sales equipment) 40,090 Common stock ($10 par) $189,090 Salaries and wages expense (sales $288,090 350,090 19,090 83,090 76,090 146,590 87,090 73,090 Telephone and Internet expense (sales) 21,090 36,090 12,090 244,090 74,090 180,090 904,090 539,090 4,279,090 121,090 Salaries and wages expense (office) Purchase returns Sales returns and allowances 2,790,090 Freight-in 38,090 Accounts receivable 31,090 Sales commissions 37,090 28,090 58,090 97,090 Utilities expense (office) Miscellaneous office expenses Rent revenue Casualty loss (before tax) Windsor's effective tax rate on all items is 34%. A physical inventory indicates that the ending inventory is $690,090