consider the following account balances of purrfect pets, inc. as of june 30, year

Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3: Accounts Payable $112,040 Retained Earnings 56,300 Equipment 423,200 Notes Payable, due Year 5 344,800 Common Stock 208,000 Accounts Receivable 204,100 Income Tax Payable 4,060 Cash 97,900