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Below is a list of accounts and balances for FlipFlop Inc. for the year ending June 30, 2020. All balances are in thousands of dollars. FlipFlop Inc. follows IFRS. Assume a tax rate of 15%. Exclude the presentation of earnings per share for this question. Account Title Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense Cash Cash Dividends Common Shares Cost of Goods Sold Depreciation Expense-Office Equipment Depreciation Expense-Store Equipment Gain on Foreign Currency Translation Adjustments Gain on Sale of Discontinued Operations Income from Operating Discontinued Operations Interest Expense Merchandise Inventory Miscellaneous Administrative Expenses Notes Payable Office Salaries Expense Prepaid Insurance Property, Plant and Equipment Rent Expense-Office Rent Expense-Retail Retained Earnings (beginning balance) Sales Salaries Expense Sales Discounts Sales Returns and Allowances Sales Revenue Unearned Revenue Balance $8,900 $13,700 $1,100 $1,400 $19,400 $3,200 $8,700 $18,360 $80 $700 $280 $2,100 $7,100 $950 $18,100 $590 $19,000 $1.500 $1,800 $27,300 $460 $1,020 $22,409 $2,700 $1,000 $630 $45,900 $1,300 Below is a list of accounts and balances for FlipFlop Inc. for the year ending June 30, 2020. All balances are in thousands of dollars. FlipFlop Inc. follows IFRS. Assume a tax rate of 15%. Exclude the presentation of earnings per share for this question. Account Title Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense Cash Cash Dividends Common Shares Cost of Goods Sold Depreciation Expense-Office Equipment Depreciation Expense-Store Equipment Gain on Foreign Currency Translation Adjustments Gain on Sale of Discontinued Operations Income from Operating Discontinued Operations Interest Expense Merchandise Inventory Miscellaneous Administrative Expenses Notes Payable Office Salaries Expense Prepaid Insurance Property, Plant and Equipment Rent Expense-Office Rent Expense-Retail Retained Earnings (beginning balance) Sales Salaries Expense Sales Discounts Sales Returns and Allowances Sales Revenue Unearned Revenue Balance $8,900 $13,700 $1,100 $1,400 $19,400 $3,200 $8,700 $18,360 $80 $700 $280 $2,100 $7,100 $950 $18,100 $590 $19,000 $1.500 $1,800 $27,300 $460 $1,020 $22,409 $2,700 $1,000 $630 $45,900 $1,300

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