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Question 1 16 Points The following account balances were included in the trial balance of XYZ Corporation at Dec. 31, 2020. 1. Sales revenue $1,578,500 2. Depreciation expense (office furniture and equipment) $ 7,250 3. Sales discounts $31,150 4. Cost of goods sold $896,770 5. Property tax expense $7,320 6. Salaries and wages expense (sales) $56,260 7. Bad debt expense (selling) $4,850 8. Sales commissions $97,600 9. Maintenance and repairs expense (administration) $9, 130 10. Travel expense (salespersons) $28,930 11. Delivery expense $21,400 12. Miscellaneous office expenses $6,000 13. Entertainment expense $14,820 14. Sales returns and allowances $62,300 15. Telephone and Internet expense (sales) $9,030 16. Dividend revenue $38,000 17. Interest expense $18,000 18. Depreciation expense (sales equipment) $4,980 19. Income tax expense $102,000