On December $1,2027,$ Crane Company had the account balances shown below.

$\backslash$table$[[,$Debit,,Credit$],[,$$$4,500,,$Accumulated Depreciation$-$Equipment$],[$Cash$,$$$1,000,,],[$Accounts Receivable,$3,000,$Accounts Payable,$3,000],[$Inventory$,1,800,$Owner's Capital,$25,300],[$Equipment$,20,000,,],[,$$$29,300,,]]$

The following transactions occurred during December:

Dec. $3$ Purchased $3,600$ units of inventory on account at a cost of $$0\mathrm{.}70$ per unit.

$5$ Sold $3,900$ units of inventory on account for $$0\mathrm{.}86$ per unit. $($Crane sold $3,000$ of the $$0\mathrm{.}60$ units and $900$ of the $$0\mathrm{.}70.)$

$7$ Granted the December $5$ customer $$150$ credit for $200$ units of inventory returned costing $$100.$ These units were returned to inventory.

$17$ Purchased $2,000$ units of inventory for cash at $$0\mathrm{.}76$ each.

$22$ Sold $2,200$ units of inventory on account for $$0\mathrm{.}91$ per unit. $($Crane sold $2,200$ of the $$0\mathrm{.}70$ units$)$