Question 1 The following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30, 2016 Sales revenue Interest revenue Sales returns and allowances Sales discounts Cost of goods sold Distribution expenses Administration expenses Depreciation expense Interest expense Income tax expense Dividends declared-Common shares Dividends declared-Preferred shares $1,045,800 6,000 20,000 6,000 390,000 230,000 90,000 60,000 14,000 54,000 12,000 17,000