Pharoah Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable $86,900 Interest Expense $13,000 Prepaid Insurance $5,600 Land $21,400 Short-term investments $3,500 Office salaries $65,800 Common Shares $15,500 Sales Salaries $97,400 Cash $31,600 Supplies expense $15,200 Advertising $46,100 Insurance expense $12,500 Accounts Receivable $16,400 Depreciation expense $18,500 Sales revenue $599,100 Income tax expense $6,800 Accounts Payable $16,400 Dividend Payments $7,400 Buildings (Net) $102,600 Interest Income $11,800 Cost of Goods Sold $298,400 Inventory $20,100 Note Payable (due in 9 months) $9,100 Retained Earnings (Beg Bal-Jan 1) $43,500