The following selected accounts from Crane Corporation's general ledger are presented below for the year ended December 31, 2021: Accounts payable $121,520 Equipment $2,063,360 Accounts receivable 183,520 Income tax expense 163,680 Accumulated depreciation-equipment 710,520 Insurance expense 158,720 Cash 14,880 Inventory 463,760 Common shares 372,000 Prepaid expenses 55,800 Cost of goods sold 2,387,000 Retained earnings 838,240 Depreciation expense 344,720 Salaries expense 1,142,040 Sales 4,935,200