Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2020. Assume that the pre- shares are non-cumulative. Accounts Payable $26,160 Accounts Receivable 39,600 Accumulated depreciation, Equipment 10,840 Accumulated depreciation, Warehouse 21,680 Cash 8,800 Cash Dividends 20,000 Common Shares 116,000 Equipment 78,800 Income Tax Expense 41,000 Land 121,600 Notes Payable, due in 2023 34,000 Operating Expenses 109,600 Preferred Shares 39,600 Retained Earnings 28,120 Revenue Warehouse 275,800 132,800