Question 2 of 9 The adjusted trial balance for Sheridan Holding Ltd. as at September 30, 2021, was as follows: Credit Debit $ 25,000 110,000 13,000 573,000 Cash Accounts receivable Prepaid insurance Vehicles Accumulated depreciation-equipment Accounts payable Deferred revenue Income taxes payable Common shares Retained earnings Dividends declared Service revenue Interest income Salaries expense Repairs and maintenance expense Insurance expense Depreciation expense Income tax expense 286,000 42,000 35,000 8,000 142,000 221,000 50,000 559,000 3,000 380,000 94,000 5,000 41,000 5,000 F9 9/18 Account Titles and Explanation Debit Credit Service Revenue 559000 Interest Income 3000 Income Summary 562000 Income Summary 525000 Salaries Expense 380000 Repairs and Maintenance Expense 94000 Insurance Expense 5000 Depreciation Expense 41000 Income Tax Expense 5000 Income Summary 37000 Retained Earnings 37000 Retained Earnings 50000 Dividends Declared 50000 (b) Determine Sheridan Holding Ltds ending retained earnings balance as at September 30, 2021. Retained earnings ending balance e Textbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit