The following selected accounts from Swifty Corporation's general ledger are presented below for the year ended December 31, 2021: Accounts payable $119,560 Equipment $2,030,080 Accounts receivable 180,560 Income tax expense 161,040 Accumulated depreciation-equipment 699,060 Insurance expense 156,160 Cash 14,640 Inventory 456,280 Common shares 366,000 Prepaid expenses 54,900 Cost of goods sold 2,348,500 Retained earnings 824,720 Depreciation expense 339,160 Salaries expense 1,123,620 Sales 4,855,600