Exercise 3-16 Presented below are selected account balances for Bridgeport Co. as of December 31, 2017. $60,190 Cost of Goods sold $228,174 Inventory 12/31/17 74,190 Selling Expenses 15,963 Common Stock 37,903 Retained Earnings 44,110 Administrative Expenses Dividends 17,932 29,630 Income Tax Expense 11,865 Sales Returns and Allowances 14,880 Sales Discounts 411,230 Sales Revenue