b) Utilities Expense j Question #3(25 marks) 4 The following items, listed in alphabetical order, are taken from the records of Freitas Company at December 31, 2016. 29,450* - Accounts pavable^ Accounts receivable- Accumulated depreciation, buildings^ Accumulated depreciation, equipment Buildings- Cash^ 64,000-491+' 30,000* 410,000 10,000* ^ *? Cost of goods sold^ 573,955% Depreciation expense- Dividends Equipment+? 32,000* 45,000* 150.000- +' 23,010* ^* ^ Interest expense J Interest payable ^ Interest revenue^ +' Land+' 4,950* 90,800* ' Loan payable, due June 30/18+ +' Inventory 25,000* ^* 100,000- +' 37,400* ^ Notes payable, due 2017+ ^ Office supplies^ Other operating expenses** +? Prepaid insurance*' 359,990* Retained earnings, Jan. 1/16+ ^ Salaries and wages expense? * Sales * 98,800* ' 893,600-4 Common Shares