ABC Company prepares the interim financial statements at the end of each quarter. The following data are extracted from the first quarter interim financial statements of the company of 2019 is as follows: Sales (not) P4M Cost of Good Sold 2.3M Operating expenses: Selling expenses 8BOK Administrative expenses 421K Other Items: Interest revenue 4K Rent revenue 30K Interest expense 33K We also extracted information from the trial balance as of June 30, 2019. Cash P720K AR, net 1.03M Note receivable, due 9/1/2019 400K Inventory 2.44M Prepaid Insurance 96K Property and Equipment 8M Accumulated Depreciation 2M Accounts Payable 80OK Dividends Payable 320K Unearned Rent 180K Bonds Payable 10% (due 1/1/2024) 1.2M Discount on Bonds Payable 60K Common stock, P1 par 800K Additional Paid-in capital on common stock 3.458M Retained Earnings 2.64M Sales (net) 9M Cost of goods sold 4.86M Selling expenses 1.975M Administrative expense 817K