Mountain Sports, Inc., is a retailer that has engaged you to assist in the preparation of its financial statements at Decemb 31, 2021. Following are the correct adjusted account balances, in alphabetical order, as of that date. Each balance is the "normal" balance for that account. (Hint: The "normal" balance is the same as the debit or credit side that increases the account.) Accounts payable Accounts receivable Accumulated depreciation: office equipment Additional paid-in capital (common stock) Bonds payable (due December 31, 2024) Cash Common stock (2,400 shares, $10 par value) Cost of goods sold Deferred income taxes. Depreciation expense: office equipment Dividends declared Income tax expense Land $ 13,650 3,400 12,000 7,400 22,600 14,800 24,000. 102,465 5,750 2,450 4,200 7,940 Insurance expense 810 39,600 Merchandise inventory 20,900 Notes payable (due December 31, 2022) 2,700 Office equipment 42,700 Office supplies 820 Office supplies expense 500 Preferred stock (290 shares, $20 par value) 5,800 Premium on bonds payable 2,000 Prepaid rent 1,200 Rent expense 6,100 Retained earnings (January 2021) 21,150 Salaries expense 87,820 Sales 226,700 Sales returns and allowances 2,200 Sales taxes payable 3,800 Treasury stock (500 common shares at cost) 5,625 Utilities expense 4,020