The adjusted trial balance of Blue Spruce Wholesale Inc. contained the following accounts at December 31, the company's year end: QY Mu QL Mu Credit Q Mu Qu Mu BLUE SPRUCE WHOLESALE INC. Adjusted Trial Balance December 31, 2021 Debit Cash $15.070 Accounts receivable 23,950 Prepaid insurance 2,970 Inventory 127,570 Supplies 7.870 Land 156,770 Buildings 267.180 Accumulated depreciation-buildings Equipment 116,510 Accumulated depreciation-equipment Accounts payable Deferred revenue Refund liability Qu Mu $113,510 Qu 40,790 68,480 11.710 5,650 Qu Refund liability Income tax payable Bank loan payable Common shares Retained earnings Sales Cost of goods sold Administrative expenses Selling expenses Interest expense Interest income 5,650 4,270 119,720 62,800 173,710 1,294,930 983,510 107.980 51,320 15,130 2.960 Income tax expense 20.900 $1,896,730 $1,896,730 BLUE SPRUCE WHOLESALE INC. Statement of Income (Multiple-step) >