Haley Wickenheiser's Flowers, began operations on January 1, 2020. Its post-closing trial balance at December 31, 2020 and 2021 is shown below. Haley Wickenheiser's Flowers Income Statement For Year Ended December 31, 2021 Sales 622,319 Cost of goods sold 342,275 Gross Profit 280,044 Operating expenses: Other expenses 167,600 Depreciation expense 20,000 Total Operating expenses 187,600 Operating Profit (Loss) 92,444 Gain on sale of plant assets 8,000 Profit before taxes Income taxes Profit (Loss) 100,444 28,000 $ 72.444 Account Cash Accounts Receivable Merchandise inventory Property, plant and equipment Accumulated depreciation Accounts payable Wages payable Income taxes payable Notes payable Common shares Retained earnings Haley Wickenheiser's Flowers Post-Closing Trial Balance December 31 2021 2020 $ 51,600 $ 65,200 121,600 128,400 73,400 53,000 305,600 272,400 152,600 165,600 82,800 78,000 5,600 7,200 16,800 14,200 115,200 75,200 110,000 80,000 69,200 98,800 Other information regarding Haley's Flowers and its activities during 2021: 1. Cash dividends were declared and paid during the year. 2. Plant assets worth $75,000 were purchased during the year by paying cash of $25,000 and issuing a long-term note payable for the balance. 3. Plant assets were sold during the year. (Hint: you will need to look at the capital asset account and accumulated depreciation. Then you'll need to calculate the proceeds.) 4. Made a payment on the note payable.