Selected accounts from Waterway Ltd.s general ledger are presented below. Note that the account details for the year have not been included, only the account balance (dated Dec. 31) after adjustment but before closing is included.

Retained Earnings
		Jan. 1	195,500
Dividends Declared
Dec. 31	11,100
Service Revenue
		Dec. 31	398,400
Interest Income
		Dec. 31	8,600
Salaries Expense
Dec. 31	254,000
Office Expense
Dec. 31	20,300
Depreciation Expense
Dec. 31	19,800
Utilities Expense
Dec. 31	19,900
Interest Expense
Dec. 31	10,800
Income Tax Expense
Dec. 31	19,200

(a