Beiow is the adjusted trial balance for Elements Inc. as at March 31, 2016. Elements Inc. Adjusted Trial Balance March 31, 2016 Debit Credit $19,580 7,700 21,500 Accounts Payable $22,000 Accounts Receivable Accumulated Depreciation Cash Common Shares Cost of Goods Sold Depreciation Expense Insurance Expense Interest Payable Interest Receivable Interest Revenue Inventory Non-Current Debt Loss on Disposal of Machinery Notes Receivable Preferred Shares Prepaid Insurance 18,700 37400 9,900 9,900 660 1,320 2,640 4,750 13,200 1,485 33,000 19,850 7,700 49,500 18,150 Furniture Rent Retained Earnings (after dividends) Salary Expense Salary Payable Sales Returns and Allowances Sales Revenue Unearned Revenue Utilities Expense Total 54,185 9,800 9,350 3,300 110,000 13,640 15,400