$On$ January $1,2024,$ Displays Incorporated had the following account balances: Account TitleDebitCreditCash$ $38,000$ Accounts receivable$35,000$ Supplies$41,000$ Inventory$69,000$ Land$243,000$ Accounts payable $ $50,000$Notes payable $(5\%,$ due next year$)36,000$Common stock $202,000$Retained earnings $138,000$Totals$ $426,000$$ $426,000$ From January $1to$ December $31,$ the following summary transactions occurred: Purchased inventory $on$ account for $$346,000.$ Sold inventory $on$ account for $$650,000.$ The cost $of$ the inventory sold was $$326,000.$ Received $$588,000$ from customers $on$ accounts receivable. Paid freight $on$ inventory received, $$40,000.$ Paid $$336,000to$ inventory suppliers $on$ accounts payable $of$ $$344,000.$ The difference reflects purchase discounts $of$ $$8,000.$ Paid rent for the current year, $$58,000.$ The payment was recorded $to$ Rent Expense. Paid salaries for the current year, $$166,000.$ The payment was recorded $to$ Salaries Expense. Year$-$end adjusting entries: Supplies $on$ hand $at$ the end $of$ the year are $$9,000.$ Accrued interest expense $on$ notes payable for the year. Accrued income taxes $at$ the end $of$ December are $$34,000.$

$On$ January $1,2024,$ Displays Incorporated had the following account balances:

From January $1to$ December $31,$ the following summary transactions occurred:

$a.$ Purchased inventory $on$ account for $$346,000.$

$b.$ Sold inventory $on$ account for $$650,000.$ The cost $of$ the inventory sold was $$326,000.$

$c.$ Received $$588,000$ from customers $on$ accounts receivable.

$d.$ Paid freight $on$ inventory received, $$40,000.$

$e.$ Paid $$336,000to$ inventory suppliers $on$ accounts payable $of$ $$344,000.$ The difference reflects purchase

discounts $of$ $$8,000.$

$f.$ Paid rent for the current year, $$58,000.$ The payment was recorded $to$ Rent Expense.

$g.$ Paid salaries for the current year, $$166,000.$ The payment was recorded $to$ Salaries Expense.

Year$-$end adjusting entries:

$a.$ Supplies $on$ hand $at$ the end $of$ the year are $$9,000.$

$b.$ Accrued interest expense $on$ notes payable for the year.

$c.$ Accrued income taxes $at$ the end $of$ December are $$34,000.a.$ Supplies $on$ hand $at$ the end $of$ the year are $$9,000.$

$b.$ Accrued interest expense $on$ notes payable for the year.

$c.$ Accrued income taxes $at$ the end $of$ December are $$34,000a.$ Supplies $on$ hand $at$ the end $of$ the year are $$9,000.$

$b.$ Accrued interest expense $on$ notes payable for the year.

$c.$ Accrued income taxes $at$ the end $of$ December are $$34,000g.$ Paid salaries for the current year, $$166,000.$ The payment was recorded $to$ Salaries Expense.

Year$-$end adjusting entries:

$a.$ Supplies $on$ hand $at$ the end $of$ the year are $$9,000.$

$b.$ Accrued interest expense $on$ notes payable for the year.

$c.$ Accrued income taxes $at$ the end $of$ December are $$34,000.$

Complete this question $by$ entering your answers $in$ the $tabs$ below.

General

Journal

General

Ledger

Income

Statement

Balance Sheet

Analysis

Using the information from the requirements above, complete the 'Analysis'.

Analyze the following for Displays Incorporated:

$(a)$ Suppo