The following balances were taken from the books of Blue ASA on December 31, 2022. Interest revenue 104,920 Accumulated depreciation-equipment 48,800 Cash 62,220 Accumulated depreciation-buildings 34,160 Sales revenue 1,561,600 Notes receivable 189,100 Accounts receivable 183,000 Selling expenses 236,680 Prepaid insurance 24,400 Accounts payable 207,400 Sales returns and allowances 183,000 Bonds payable 122,000 Allowance for doubtful accounts 8,540 Administrative and general expenses 118,340 Sales discounts 54,900 Accrued liabilities 39,040 Land 122,000 Interest expense 73,200 Equipment 244,000 Notes payable 122,000 Buildings 170,800 Loss from impairment of plant assets 146,400 Cost of goods sold 757,620 Share capital-ordinary 610,000 Retained earnings 25