The trial balance follows of the Larkspur, Inc. as at December 31. The books are closed annually on December 31. Larkspur, Inc. Trial Balance December 31 Debit Credit Cash $114,500 Accounts receivable 65,000 Allowance for doubtful accounts $8,950 Land 354,500 Buildings 615,000 Accumulated depreciation-buildings 40,500 Equipment 308,000 Accumulated depreciation-equipment 123,000 Prepaid insurance 10,600 Common shares 901.820 Retained earnings Sales revenue 151,800 422,500. Rent revenue 43,230 Utilities expense 74,000 Salaries and wages expense 90,700 Repairs and maintenance expense 59.500 $1,691,800 $1,691,800