Sheffield Architects Ltd. is a private company reporting under ASPE. It is authorized to issue an unlimited number of common and $3 cumulative preferred shares. The following is an alphabetical list of its adjusted accounts at March 31, 2021, its fiscal year end. All accounts have normal balances. Accounts payable $20,400 Income tax expense $17,000 Accounts receivable 37,000 Insurance expense 6.800 Accumulated depreciation-equipment 23,200 Interest expense 3,300 Cash 56,000 Notes payable 48.000 Cash dividends-common 38.000 Preferred shares 57.000 Cash dividends-preferred 4,500 Prepaid expenses 5,700 Common shares 75,000 Rent expense 35,700 425,000 Consulting revenue 42,200 Retained earnings 11,000 Salaries expense 245.000 Depreciation expense 16,000 Dividends payable 2,700 Salaries payable 223,000 Supplies expense Equipment 26,500 There are 1,500 preferred and 75,000 common shares issued. Sheffield Architects Ltd. is a private company reporting under ASPE. It is authorized to issue an unlimited number of common and $3 cumulative preferred shares. The following is an alphabetical list of its adjusted accounts at March 31, 2021, its fiscal year end. All accounts have normal balances. Accounts payable $20,400 Income tax expense $17,000 Accounts receivable 37,000 Insurance expense 6.800 Accumulated depreciation-equipment 23,200 Interest expense 3,300 Cash 56,000 Notes payable 48.000 Cash dividends-common 38.000 Preferred shares 57.000 Cash dividends-preferred 4,500 Prepaid expenses 5,700 Common shares 75,000 Rent expense 35,700 425,000 Consulting revenue 42,200 Retained earnings 11,000 Salaries expense 245.000 Depreciation expense 16,000 Dividends payable 2,700 Salaries payable 223,000 Supplies expense Equipment 26,500 There are 1,500 preferred and 75,000 common shares issued