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 Cost of goods sold Gross Profit 795,600 556,920 238,680 Operating expenses: Other expenses 216,300 Depreciation expense 25,000 Total Operating expenses 241.300 Operating Profit (Loss) (2,620) Loss on sale of plant assets (9.000) Profit before taxes (11,620) Income taxes Profit (Loss) 2,500 $(14.120) Haley Wickenheiser's Flowers Post-Closing Trial Balance December 31 Account 2021 2020 Cash $86,800 $ 99,400 Accounts Receivable 115,900 152,500 Merchandise inventory 71,300 66,500 Property, plant and equipment 530,600 445,700 Accumulated depreciation 168,000 165,300 Accounts payable 76,400 73,400 Wages payable 6,500 7,100 Income taxes payable 2,600 4,800 Notes payable 220,500 166,400 Common shares 125,000 110,000 Retained earnings 205,600 237,100 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 $130,000 were purchased during the year by paying cash of $40,000 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.