Grouper Furniture Limited reports the following information for 11 months of the year in its February 28, 2021, trial balance. The company's year end is March 31. GROUPER FURNITURE LIMITED Trial Balance February 28, 2021 Debit Credit Cash $62,400 Accounts receivable 336,000 Inventory 2,640,000 Supplies 7,200 Prepaid rent 4,800 Equipment 139,200 Accumulated depreciation-equipment $27,840 Accounts payable Deferred revenue 1,488,000 33,600 Bank loan payable 432,000 Common shares 192,000 Retained earnings 528,480 Dividends declared 48,000 Sales 5,095,104 Cost of goods sold 3,690,144 Advertising expense 72,000 Freight out 172,800 Office expense 24,960 Rent expense 52,800 Salaries expense 345,600 Travel expense 12,000 Utilities expense 19,200 Interest expense 25,920 Income tax expense 144,000 $7,797,024 $7,797,024