Shown below are the account balances for BingGrow Corporation for their year-end December 31, 2022: Cash Accounts receivable Inventory $ 10,475 16,640 98,220 Building 188,600 Accumulated depreciation-building 72,600 Accounts payable 9,400 Income taxes payable 5,450 Common shares 154,525 Retained earnings, beginning 40,720 Dividends declared 7,500 Sales revenue 265,000 Cost of goods sold 143,600 Salaries and wages expense 56,900 Depreciation expense 12,850 Utilities expense 3,300 Supplies expense 1,970 7,640 Income taxes expense During the year, on June 1, 2022, BingGrow issued $25,000 of common shares to new investors.