Sandhill Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash Advertising Accounts Receivable Sales revenue Accounts Payable Buildings (Net) Cost of Goods Sold Note Payable (due in 9 months) Retained Earnings (Beg Bal-Jan 1) $71,200 $1,600 $100 $298,900 $13,300 Interest Expense $37,000 Land $13,600 $11,900 $45,500 $16,300 $601,000 $15,300 Dividend Payments $98,400 Office salaries Sales Salaries Supplies expense Insurance expense Depreciation expense Income tax expense Interest Income Inventory $5,200 $22,000 $66,100 $96,300 $17,700 $14,800 $22,100 $9,600 $12,200 $10,000 $22,700

Sandhill Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable $71,200 Interest Expense $5,200 Prepaid Insurance $1,600 Land $22,000 Short-term investments $100 Office salaries $66.100 Common Shares $13,600 Sales Salaries $96,300 Cash $11,900 Supplies expense $17,700 Advertising $45,500 Insurance expense $14,800 Accounts Receivable $16,300 Depreciation expense $22,100 Sales revenue $601,000 Income tax expense $9,600 Accounts Payable $15,300 Dividend Payments $12,200 Buildings (Net) $98,400 Interest Income $10,000 Cost of Goods Sold $298,900 Inventory $22,700 Note Payable (due in 9 months) $13,300 Retained Earnings (Beg Bal-Jan 1) $37,000