Sales revenue $1,590,740 Sales discounts Cost of goods sold 32,570 899,700 Salaries and wages expense (sales) 57,350 Sales commissions 98,130 Travel expense (salespersons) 34,600 Delivery expense 22,690 Entertainment expense 14,980 Telephone and Internet expense (sales) 9,100 Depreciation expense (sales equipment) 5,289 Maintenance and repairs expense (sales) 5,707 Miscellaneous selling expenses 4,898 Office supplies used 3,373 Telephone and Internet expense (administration) 2,560 Dividends revenue Interest expense Income tax expense 39,210 Depreciation understatement due to error-2025 (net of tax) 19,510 94,670 16,437 ividends declared on preferred stock 9,300 ividends declared on common stock 39,450 \begin{tabular}{lc} Depreciation expense (office furniture and equipment) & $6,648 \\ Property tax expense & 7,291 \\ Bad debt expense (selling) & 4,393 \\ Maintenance and repairs expense (administration) & 9,659 \\ Office expense & 5,460 \\ Sales returns and allowances & 68,403 \end{tabular} Question 6 of 6 SWIFTY CORPORATION Retained Earnings Statement uestion 6 of 6 Sales revenue $1,590,740 Sales discounts Cost of goods sold 32,570 899,700 Salaries and wages expense (sales) 57,350 Sales commissions 98,130 Travel expense (salespersons) 34,600 Delivery expense 22,690 Entertainment expense 14,980 Telephone and Internet expense (sales) 9,100 Depreciation expense (sales equipment) 5,289 Maintenance and repairs expense (sales) 5,707 Miscellaneous selling expenses 4,898 Office supplies used 3,373 Telephone and Internet expense (administration) 2,560 Dividends revenue Interest expense Income tax expense 39,210 Depreciation understatement due to error-2025 (net of tax) 19,510 94,670 16,437 ividends declared on preferred stock 9,300 ividends declared on common stock 39,450 \begin{tabular}{lc} Depreciation expense (office furniture and equipment) & $6,648 \\ Property tax expense & 7,291 \\ Bad debt expense (selling) & 4,393 \\ Maintenance and repairs expense (administration) & 9,659 \\ Office expense & 5,460 \\ Sales returns and allowances & 68,403 \end{tabular} Question 6 of 6 SWIFTY CORPORATION Retained Earnings Statement uestion 6 of 6