The following list of accounts is from the adjusted trial balance for Flounder Corporation: Accounts payable $139,360 Equipment $982,800 Accounts receivable 194,480 Income tax expense 63,440 Accumulated depreciation-buildings 101,920 Insurance expense 121,680 Accumulated depreciation-equipment 236,080 Inventory 241,280 Advertising expenses 116,480 Land 1,144,000 Buildings 445,120 Loan payable (due in 2 years) 2,028,000 Cash 73,840 Prepaid expenses 30,160 Common shares 239,200 Property tax payable 18,720 Cost of goods sold 1,158,560 Refund liability 21,840 Deferred revenue 33,280 Salaries expense 807,040 Depreciation expense 195,520 Salaries payable 27,040 Sales 2,728,960