Juan Real Estate Company (organized as a corporation on April 1, 2013) has completed the accounting cycle for the year, ended March 31, 2018. Juan has also completed a correct trial balance as follows: JUAN REAL ESTATE COMPANY Adjusted Trial Balance At March 31, 2018 Account Titles Cash Accounts receivable Office supplies inventory Automobiles (company cars) Accumulated depreciation, automobiles Office equipment Accumulated depreciation, office equipment Debit Credit $ 71,000 53,800 1,200 48,000 $ 19,000 4,800 1,900 Accounts payable 24,750 Salaries and commissions payable Note payable, long term Contributed capital (30,000 shares) Retained earnings (on April 1, 2017) Dividends declared Sales commissions earned Management fees earned 2,400 48,000 53,000 10,050 9,800 86,000 22,000 Operating expenses (detail omitted to conserve your time) 66,000 Depreciation expense (including $1,400 on office equipment) Interest expense Totals 9,100 3,400 $267,100 $267,100 Assuming a 40 percent tax rate.