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Coronado Industries showed the following balances at the end of its first year: Cash $13160 Prepaid insurance 660 Accounts receivable 3290 Accounts payable 2630

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Coronado Industries showed the following balances at the end of its first year: Cash $13160 Prepaid insurance 660 Accounts receivable 3290 Accounts payable 2630 Notes payable 3950 Common stock 5080 Dividends 660 Revenues 27260 Expenses 16450 What amount did Coronado Industries show as total credits? $38920 $38260 $39570 $40230

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