1 Question 2012 The adjusted trial balance of Club Canada Wholesale Inc. contained the following accounts at December 31, the company's year end: CLUB CANADA WHOLESALE INC. Adjusted Trial Balance December 31, 2021 Debit Credit Cash $ 12.275 19,700 Accounts receivable Prepaid insurance 2.400 Inventory 104,600 Supplies 6430 Land 128.500 Buildings 219,000 Buildings 219,000 Accumulated depreciation-buildings $ 93,060 Equipment 95,500 Accumulated depreciation-equipment 33,400 Accounts payable 56,200 Deferred revenue 9,650 Refund liability 4.700 Income tax payable 3,500 Bank loan payable 98,200 Common shares 50,000 Retained earnings 142,325 Sales 1,061,375 Type here to search C Sales 1,061,375 Cost of goods sold 806,240 Administrative expenses 88,515 Selling expenses 42,100 Interest expense 12,350 Interest income 2,400 Income tax expense 17,200 $ 1,554,810 $1,554,810 step statement or income CLUB CANADA WHOLESALE INC. Statement of Income (Multiple-step) $ ere to search o te