December 31, 2021 Accounts payable 9,500 Accounts receivable 14,000 Accumulated depreciation, equipment 21,400 Bank loan payable" 39,000 Cash 8,000 Common shares* 18,000 Depreciation expense Dividends declared Equipment Income tax expense Insurance expense 9,700 800 99,000 3,000 1,800 Interest expense 3,600 Prepaid insurance 400 Rent expense 12,000 Retained earnings, January 1 13,400 Salaries expense 25,000 Salaries payable 1,000 Service revenue 75,000 Total