Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2020 Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends Common Shares Equipment Income Tax Expense Land Notes Payable, due in 2023 Operating Expenses Preferred Shares Retained Earnings Revenue Warehouse $ 25,560 39,000 10,540 21,080 8,200 19,400 110,000 78,200 40,400 115,600 33,400 109,000 39,000 27,520 269,500 126,800 The company uses an income summary account in the closing process Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2020 Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends Common Shares Equipment Income Tax Expense Land Notes Payable, due in 2023 Operating Expenses Preferred Shares Retained Earnings Revenue Warehouse $ 25,560 39,000 10,540 21,080 8,200 19,400 110,000 78,200 40,400 115,600 33,400 109,000 39,000 27,520 269,500 126,800 The company uses an income summary account in the closing process