Exercise 5-9 (Part Level Submission) The current assets and current liabilities sections of the balance sheet of Oriole Company appear as follows. Cash Accounts receivable Less: Allowance for doubtful accounts Inventory Prepaid expenses ORIOLE COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 $ 50,000 Accounts payable $92,000 Notes payable 7,220 84,780 $ 57,390 71,770 $129,160 160,190 8,170 $303,140 The following errors in the corporation's accounting have been discovered: 1. January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of $42,300, on which a cash discount of 2% was taken. 2. The inventory included $28,040 of merchandise that had been received at December 31 but for which no purchase invoices had been received or entered. Of this amount, $12,070 had been received on consignment; the remainder was purchased f.o.b. destination, terms 2/10, n/30. 3. Sales for the first four days in January 2018 in the amount of $29,450 were entered in the sales journal as of December 31, 2017. Of these, $22,320 were sales on account and the remainder were cash sales. 4. Cash, not including cash sales, collected in January 2018 and entered as of December 31, 2017, totaled $36,794. Of this amount, $24,794 was received on account after cash discounts of 2% had been deducted; the remainder represented the proceeds of a bank loan. (al) Calculate the following adjusted balances. Cash $ Accounts Receivable $ Inventory $ Accounts Payable $ Notes Payable $