The trial balance of Marvin's Fine Gems at December 31, 2017, and is shown below:

Additional data at December 31, 2017:
a. Rent expense for the year, $48,000.
b. The equipment has an estimated useful life of 10 years and is expected to have no value when it is retired from service.
c. Accrued salaries at December 31, $7,000.
d. Accrued interest expense at December 31, $2,600.
e. Inventory based on the inventory count on December 31, $351,200.
Required
Complete Marvin's Fine Gems' worksheet for the year ended December 31, 2017. Marvin's Fine Gems uses the perpetual inventory system.

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MARVIN'S FINE GEMS Unadjusted Trial Balance December 31.2017 S 6,200 Accounts receivable 108,000 $ 43,200 43,200 Accumulated amortization-equipment payable Interest payable Note payable, long-term 87,000 270,000 835,400 Advertising expense Amortization expense-equipment Interest expense Miscellaneous expense $1,278,800 $1,278,800