Huimin Ltd. had the following account balances at December 31, 2021: Account Name Amount Dividends Prepaid expenses Interest expense $2,500 1,500 750 Website expense Accounts receivable 600 17,300 Deferred revenue 850 Income tax expense 3,750 Collections from customers 37,945 Purchase of intangibles 1,020 Payments to suppliers 35,600 Travel expense 1,800 Retained earnings (beginning of year) 3,700 Payment of dividends 2,500 Insurance expense 2,400 Office supplies expense 350 Cash (beginning of year) 31,550 Service revenue 33,720 Cash received from debt 10,000 Prepaid insurance 1,200 975 Office supplies Business licence 60 Cash (end of year) 47,875 Income tax payable 500 Owner's capital 21,000 960 Website design 375 Telephone expense Contributions by owners 7,500