Ch 4: Homework Exercise Question 5 of 5 The following is the trial balance of Tamarisk Corporation at December 31, 2020. TAMARISK CORPORATION TRIAL BALANCE DECEMBER 31, 2020 Debits Credits Purchase Discounts $23,000 Cash $436,310 Accounts Receivable 241,500 Rent Revenue 41,400 Retained Earnings 368,000 Salaries and Wages Payable 41,400 Sales Revenue 2,530,000 Notes Receivable 253,000 Accounts Payable 112,700 Accumulated Depreciation-Equipment 64,400 Sales Discounts 33,350 Sales Returns and Allowances 40,250 Notes Payable 161,000 Selling Expenses 533,600 Administrative Expenses 227,700 Common Stock 690,000 Income Tax Expense 123,970 Cash Dividends 103,500 Allowance for Doubtful Accounts 11,500 Supplies 32.200