You have been provided with the following selected accounts for Swifty Ltd. for the year ended April 30, 2021: Inventory, May 1, 2020 $572,000 Interest expense $27,000 Purchases 5,903,000 Interest income 20,000 Accounts receivable 815,000 Accounts payable 622,000 Sales 9,388,000 Administrative expenses 787,000 Purchase discounts Freight in 37,000 Selling expenses 138,000 116.000 Land 876.000 Cash Common shares 174,000 200,000 Swifty conducted a physical inventory count on April 30, 2021. Inventory on hand at that date was determined to be $715,920.