The following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30, 2020: Sales revenue $1,058,300 Interest revenue 7,200 Utilities expense Insurance expense 25,000 7,200 Cost of goods sold 402,154 Distribution expenses 240,846 Administration expenses 90,000 Depreciation expense 90,000 Interest expense 16,700 Income tax expense 56,700 Dividends declared-Common shares 17,300 Dividends declared-Preferred shares 22,300