Problem 4-4 (Part Level Submission) The following account balances were included in the trial balance of Indigo Corporation at June 30, 2017. Sales revenue $1,590,310 Depreciation expense (office furniture and equipment) $7,048 Sales discounts 32,380 Property tax expense 7,548 Cost of goods sold 905,000 Bad debt expense (selling) 4,779 Salaries and wages expense (sales) 57,230 Maintenance and repairs expense (administration) 8,907 Sales commission?ns 98,550 Office expense 5,710 Travel expense (salespersons) 38,600 Sales returns and allowances 60,398 Delivery expense 22,810 Dividends received 36,400 Entertainment expense 14,890 Interest expense 18,820 Telephone and Internet expense (sales) 9,100 Income tax expense 108,540 Depreciation expense (sales equipment) 5,045 Depreciation understatement due to error2014 (net of tax) 16,967 Maintenance and repairs expense (sales) 6,622 Dividends declared on preferred stock 8,830 Miscellaneous selling expenses 4,449 Dividends declared on common stock 35,750 Office supplies used 3,487 Telephone and Internet expense (administration) 2,697 The Retained Earnings account had a balance of $322,880 at July 1, 2016. There are 77,630 shares of common stock outstanding.?