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Question 21 (28 points) Saved Regency Ltd. has the following selected accounts and their balances at September 30, 2021 Accounts payable $7.520 Accumulated depreciation

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Question 21 (28 points) Saved Regency Ltd. has the following selected accounts and their balances at September 30, 2021 Accounts payable $7.520 Accumulated depreciation - Furniture 8.350 Bank loan payable (due in 2024) 14.350 Cash 11,800 Common shares 7,000 Depreciation expense 6,350 Income tax expense Fees earned Rent payable Prepaid rent Rent expense Furniture 7350 60.450 4,050 7.670 28,250 47,360 Other information Retained Earnings had a $8,550 balance at October 1, 2020 There were $1,500 Dividends declared and $2,000 Common shares issued during the year Required L IBUSH

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