The ledger of Corcord Properties Limited contained the following account balances at December 31, 2021, the end of company's fiscal year. Particulars Debit Credit Cash 34,200 Merchandise Inventory 111,000 Accounts Receivable 190,000 Office Supplies 4,000 Prepaid Insurance 15,000 Store Equipment 115,200 Accumulated Depreciation-Store Equipment 40,400 Office Equipment 320,000 Accumulated Depreciation-Office Equipment 65,900 Patent 250,000 10% Bonds 37,000 Accounts Payable 49,000 Common Stock (50,000 shares of $5 par) 250,000+ Additional Paid in Capital-Common Stock 180,000 Retained Earnings 360,000 Sales 3,045,600 Sales Salaries Expense 398,000 Sales Returns and Allowances 34,500 Sales Discount 17,200 Cost of Goods Sold 2,223,000 48,750 Office Salaries Expense Advertising Expense Rent Expense Utlities Expense 74,400 120,400 32,700 Auditors Fees 35,900 Interest Revenue 12,350 Loss on Sale of Office Equipment 16000 Total 4,040,250 4,040,250 Additional Data: 1. Store Equipment is being depreciated @20% under straight line method, Office Equipme 2. Supplies actually on hand is $ 800. 3. Physical check on December 31, 2018 reveals that inventory actually on hand is $ 109,500 4. The accountant has forgot to record the issue of 1,000 common share @ $6 each on Dec 31, 2021 5. 20% cash Dividend has been declared on the common stock. 6. The company is under 35% tax bracket.