Retro Productions Ltd, is a Vancouver-based furniture manufacturer. The company reported the following information on its trial balance for 11 months of the year ended November 30,2021. \begin{tabular}{|c|c|c|} \hline Accumulated depreciation-equi & & $35,625 \\ \hline Accounts payable & & 1,230,000 \\ \hline Deferred revenue & & 96,00 \\ \hline Bank loan payable-non-current & & 1,240,000 \\ \hline Common shares & & 600,00 \\ \hline Retained earnings & & 1,239,275 \\ \hline Dividends declared & 120,000 & \\ \hline Sales & & 16,457,200 \\ \hline Cost of goods sold & 9,174,000 & \\ \hline Advertising expense & 405,000 & \\ \hline Freight out & 980,000 & \\ \hline Office expense & 78,000 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Rent expense & 154,000 & \\ \hline Salaries expense & 3,436,000 & \\ \hline Travel expense & 46,000 & \\ \hline Utilities expense & 61,000 & \\ \hline Interest expense & 70,000 & \\ \hline \multirow[t]{2}{*}{ Income tax expense } & 380,000 & \\ \hline & $20,898,100 & $20,898,100 \\ \hline \end{tabular} Retro reported the following transactions for the month of December. The company uses a perpetual inventory system and owned 10,000 units of inventory on December 1. Dec. 1 Received $315,000 on account from a major customer. 1 Paid $14,000 in rent for the month of December. 4 Paid $375,000 owing to a supplier from a purchase made in November. 6 Sold 4,200 units of merchandise to a Canadian furniture retailer for $2,121,000 on credit, FOB shipping point. 15 Purchased 6,000 units of merchandise from a supplier at a cost of $290 per unit on credit, FOB shipping point. 18 Paid salaries of $125,000. 21 Sold 8,000 units of merchandise for $4,092,000 on account, FOB shipping point. 24 Paid $32,000 for advertising expenses incurred in the month. 27 Purchased 5,000 units of inventory from a supplier at a cost of $300 per unit on credit, FOB shipping point. Prepare T accounts and enter the opening balances. (Round answers to 0 decimal places, e.g. 5,275.)