Presented below is the adjusted trial balance of Katie’s Pet Supplies as at its fiscal year end, November 30, 2017. All accounts are their normal balance (debit or credit). Katie’s uses the periodic inventory system.Accounts payable………………………. $ 32,310              K. Milani, Capital…………………..   $119,480Accounts receivable………………………. 13,770              K. Milani, Drawings……………….       12,000Accum. depreciation, Building     . 61,200Long-term note receivable……………………….       15,000Accum. depreciation, equipment……… 19,880              Merchandise inventory…………..       34,360Advertising expense………………………… 1,000              Mortgage payable, ………………     106,000Cash…………………………………………….. 7,500              Prepaid Insurance………………..         4,500Building……………………………………… 175,000              Property Tax expense……………         3,500Purchases………………………………….. 634,700              Salaries expense………………….     122,000Depreciation Expense……………………. 14,000              Salaries payable…………………..         8,500Equipment…………………………………… 57,000              Sales discounts……………………          8250Freight-out expense………………………… 8,200              Sales returns and allowances…         9,845Insurance expense…………………………. 9,000              Sales revenue……………………..     872,000Interest expense…………………………….. 5,300              Unearned Revenue………………         3,000Land………………………………………      85,000              Utilities Expense …………………..       19,800    Freight in…………………………………        5,060              Rent revenue…………………..        2,800Purchase discount………………..      6,300                Purchase return and Allowance     13,315Additional Information:Instruction: