The Ivanhoe's Corner, a company that sells video games and related items, had the following account balances at the end of June 2024: Cost of goods sold $96,500 Common shares 38,100 Advertising expense 7,500 Equipment 16,900 Depreciation expense 1,690 Dividends declared 3,810 Accounts payable 11,200 Inventory 21,300 Wages expense 35,000 Sales revenue 195,200 Accounts receivable 15,500 Rent expense 12,100 Cash 61,200 Prepaid rent 1,000 Wages payable 6,500 Retained earnings (as at July 1, 2023) 21,500