The Sheffield Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2021: Accounts payable 12,700 Income tax payable 4,800 Accounts receivable 27,700 Insurance expense 3,400 Accumulated depreciation-equipment 5,300 Prepaid insurance 2,900 Cash 18,400 Rent expense 6,300 Common shares 9,560 Retained earnings 19,340 Depreciation expense 4,200 Salaries expense 47,950 Dividends declared 1,900 Salaries payable 3,050 Equipment 23,700 Supplies 500 Fees earned 93,100 Supplies expense 3,800 Income tax expense 4,700 Utilities expense 2,400 During the year ended February 28, 2021, common shares were issued for $5,000.