These financial statement items are for Cullumber Corporation at year end, July 31, 2021: Operating expenses $32,500 Interest payable $1,700 Salaries expense 47,700 Supplies expense 1,900 Deferred revenue 12,000 Dividends declared 11,000 Utilities expense 2,300 Depreciation expense 2,800 Equipment 57,300 Retained earnings, August 1, 2020 19,440 Accounts payable 5,120 Rent expense 13,500 Service revenue 117,100 Income tax expense 5,200 Rent revenue 18,500 Supplies 2,200 Common shares 25,000 Trading investments 23,000 Cash 5,960 Bank loan payable (due December 31, 2021) 20,800 Accounts receivable 18,100 Interest expense 2,800