Waterway Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2021: Accounts payable 12,400 Income tax payable $ 4,600 Accounts receivable 28,100 Insurance expense 3,600 Accumulated depreciation-equipment 5,400 Prepaid insurance 2,200 Cash 18,800 Rent expense 6,300 Common shares 20,200 Retained earnings 20,900 Depreciation expense 4,400 Salaries expense 47,200 Dividends declared 1,900 Salaries payable 3,200 Equipment 23,300 Supplies 1,000 Fees earned 88,400 Supplies expense 4,100 Income tax expense 4,700 Utilities expense 2,500