These financial statement items are for Carla Vista Corporation at year end, July 31, 2021: Operating expenses $32,500 Interest payable $700 Salaries expense 48,200 Supplies expense 700 Deferred revenue 12,000 Dividends declared 13,500 Utilities expense 3,400 Depreciation expense 2,800 Equipment 59,300 Retained earnings, August 1, 2020 18,440 Accounts payable 4,420 Rent expense 12,000 Service revenue 117,600 Income tax expense 5,800 Rent revenue 18,000 Supplies 2,000 Common shares 25,500 Trading investments 22,500 Cash 5,060 Bank loan payable (due December 31, 2021) 22,800 Accounts receivable 16,600 Interest expense 2,100 Accumulated depreciation-equipment 7,000 Additional information: Carla Vista started the year with $16,000 of common shares and issued additional shares for $9,500 during the year.