Other data: (1) Inventory on hand at December 31, 2017 is $97,600 (i.e., ending inventory). (2) Estimated Returns Inventory increased by $5,000. (3) Bad Debt Expense, Insurance Expense, Repairs and Maintenance Expense, Depletion Expense, Amortization Expense, and Utilities Expense are 100\% administrative. (4) Advertising Expense is 100% selling. (5) Depreciation Expense and Salaries Expense are 60% administrative and 40% selling. (6) \$25,000 of the Notes Payable are payable next year. Instructions: Prepare a(n) "You are required to turn in a neat, legible, HANDWRITTEN copy by the due date. "'This is not a group project! Other data: (1) Inventory on hand at December 31, 2017 is $97,600 (i.e., ending inventory). (2) Estimated Returns Inventory increased by $5,000. (3) Bad Debt Expense, Insurance Expense, Repairs and Maintenance Expense, Depletion Expense, Amortization Expense, and Utilities Expense are 100\% administrative. (4) Advertising Expense is 100% selling. (5) Depreciation Expense and Salaries Expense are 60% administrative and 40% selling. (6) \$25,000 of the Notes Payable are payable next year. Instructions: Prepare a(n) "You are required to turn in a neat, legible, HANDWRITTEN copy by the due date. "'This is not a group project