Skysong Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2021. The following information has been taken from the adjusted trial balance: Accounts payable $25,500 Interest expense $6,100 Cash dividends-common 60,000 Notes payable 107,000 Common shares 185,000 Retained earnings (Aug. 1, 2020) 355,700 Cost of goods sold 304,500 Salaries expense 134,500 Dividends payable 14,800 Sales 668,500 Income tax expense 34,000 Supplies expense 10,000 Income tax payable 2,600 Unearned revenue 12,000 All accounts have normal balances and total assets equal $822,000. Skysong has a 20% income tax rate.