Fashion World Inc. reported the following accounts and balances in its unadjusted trial balance as at December 31, 2020 (in thousands of Canadian dollars). Note that the accounts are listed in alphabetical order: Accumulated depreciation $ 28,600 Cash 14,000 Note payable, 5%, due March 1, 2022 Prepaid expenses $ 35,000 1,050 Contributed capital (1,000 shares) 50,000 Rent expense 12,100 Cost of sales 158,500 Retained earnings, January 1, 2020 19,550 Depreciation expense 9,600 Salaries expense 30,500 Furniture and equipment, at cost 68,800 Sales revenue 232,250 Insurance expense 750 Supplies expense 1,100 Interest expense 1,750 Supplies inventory 950 Investments (long term) Merchandise inventory Other operating expenses 37,000 26,000 7,700 Trade accounts payables 34,400 Trade accounts receivables 30,000 Additional information is as follows: a. All of these accounts have "normal" debit and credit balances. b. The note payable was signed on March 1, 2019. c. The company is subject to an income tax rate of 30 percent.