The accountant for the Australia Corporation prepared the following list from the companys accounting records for the year ended 30 June 2018.

	($)
Sales revenue	200,000
Prepaid insurance	18,000
Notes payable (due in 2023)	10,000
Cost of sales	120,000
Cash	130,000
Accounts payable	2,000
Rent expense	2,000
Accounts receivable	16,000
Salary payable	6,000
Administrative expense	4,000
Building	100,000
Interests payable	4,000
Other expense	10,000
Accumulated depreciation Building	8,000
Depreciation expense Building	2,000
Share capital	122,000

Additional information:

• Retained earnings at 1/7/2017 was $50,000
• The management of the company declared a dividend of $10,000 at June 30, 2018. The dividend was paid on September 5, 2018.