X Stores Ltd. had the following account balances at December 31, 2021: Office supplies expense $4,260 Travel and entertainment expense 2,745 Dividends, paid in cash 11,000 Payments to suppliers on account 33,825 Sales revenue 233,500 Sales returns and allowances 11,250 Contributions by owners 15,000 Advertising expense 6,965 Cost of goods sold 145,180 Insurance expense 1,500 Collections from customers on account 37,655 Income tax expense 8,540 Cash received from debt 10,000 Deferred revenue 9,500 Sales discounts 8,750 Freight expense 6,850 Prepaid expenses 9,875 Repairs and maintenance expense 4,745 Rent expense 13,500