The unadjusted trial balance of Swifty Inc., at the company's year end of December 31, follows: SWIFTY INC. Trial Balance December 31, 2024 Debit Credit Cash $27,900 Accounts receivable 31,600 Inventory 29,000 Supplies 3,100 Prepaid insurance 3,300 Land 31,000 Buildings 140,000 Accumulated depreciation-buildings $22,400 Equipment 47,000 Accumulated depreciation-equipment 18,800 Accounts payable Deferred revenue 32,600 4,400 Bank loan payable 148,600 Common shares 13,700 Retained earnings 31,400 Dividends declared 2,000 Sales 263,100 Cost of goods sold 172,400 Salaries expense 29,300 Utilities expense 4,600 Interest expense 8,700 Income tax expense 5,100 $535,000 $535,000 Additional information and adjustment data: 1. A 12-month insurance policy was purchased and was effective February 1, 2024. 2. There was $691 of supplies on hand on December 31. 3. Depreciation expense for the year is $5,600 for the buildings and $4,700 for the equipment. 4. Salaries of $691 are accrued and unpaid at December 31. 5. Accrued interest expense at December 31 is $691. 6. There was deferred revenue of $970 that still needed to be deferred as at December 31. The balance had been earned. Of the deferred revenue that had been earned, the cost of goods sold was $2,000. 7. Of the bank loan payable, $9,051 is payable next year. 8. Income tax of $490 is due and unpaid. 9. A physical count of inventory indicates $23,551 on hand at December 31. 10. Common shares were issued during the year for $3,020.