Heat and Light Expense $2,600$

Taxes and Insurance Expense $3,400$

Income Tax Expense $17,000$

Dividends $10,000$

Retained Earnings $65,100$

Interest Expense $1,000$

Cost of Goods Sold $146,300$

Wages Expense $18,400$

Wages Payable $1,200$

Accounts Payable $32,500$

Long$-$term notes payable $50,000$

Land $6,000$

Accounts Receivable $19,200$

Cash $31,800$

Building and Equipment $145,000$

Sales $220,000$

Advertising Expenses $1,600$

Prepaid Rent $3,000$

Capital Stock $40,000$

Rent Expense $1,200$

Depreciation Expense $$ Building and Equipment $3,000$

Merchandise Inventory, December $3124,300$

Estimated Income Tax Payable $7,000$

Accumulated Depreciation $$ Building and Equipment $18,000$