The following account balances were included in the trial balance of Flint Corporation at June 30, 2023: Sales revenue $1,839,050 Telephone and Internet expense (office) $3,020 Cost of goods sold 1,051,770 Salaries and wages (office) 8,220 Salaries and wages expense (sales) 54,060 Supplies expense (sales) 4,850 Sales commission expense 98,400 Repairs and maintenance expense (office) 9,830 Advertising expense (sales) 29,330 Depreciation understatement due to error2021 (net of tax of $3,300) 18,000 Freight out 22,000 Miscellaneous expense (office) 6,900 Entertainment expense (sales) 15,220 Dividend revenue 39,600 Telephone and internet expense (sales) 9,330 Interest expense 18,900 Depreciation of sales equipment 5,780 Income tax expense 133,800 Repairs and maintenance expense (sales) 6,400 Dividends declared on preferred shares 9,465 Miscellaneous expenses (sales) 5,715 Dividends declared on common shares 33,400 Supplies expense (office) 3,950 Depreciation expense on office furniture and equipment 7,850 During 2023, Flint incurred production salary and wage costs of $688,200, consumed raw materials and other production supplies of $477,670, and had an increase in work-in-process and finished goods inventories of $114,100. The Retained Earnings account had a balance of $276,000 at June 30, 2023, before closing. There are 180,000 common shares outstanding. Flint has elected to adopt IFRS. (Hint: Production payroll and materials costs reduced by the increase in ending work-in-process and finished goods inventories = the cost of goods sold.) (a)