Problem 2-3A You are provided with the following information for Ramirez Enterprises, effective as of its April 30, 2014, year-end. Accounts payable $ 874 Accounts receivable 940 Accumulated depreciationequipment 670 Cash 1,400 Common stock 1,290 Cost of goods sold 1,100 Depreciation expense 295 Dividends 365 Equipment 2,550 Income tax expense 205 Income taxes payable 175 Insurance expense 250 Interest expense 440 Inventory 1,097 Land 3,230 Mortgage payable 3,630 Notes payable 191 Prepaid insurance 100 Retained earnings (beginning) 1,600 Salaries and wages expense 660 Salaries and wages payable 262 Sales revenue 5,230 Stock investments (short-term) 1,290