The following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30, 2020: Sales revenue Interest revenue Utilities expense Insurance expense $1,065,300 6,500 23,000 6,900 Cost of goods sold 394,161 Distribution expenses 236,839 Administration expenses 95,000 Depreciation expense 87,000 Interest expense 16,500 Income tax expense 57,800 Dividends declared-Common shares 12,600 Dividends declared-Preferred shares 17,600