3 COMPREHENSIVE PROBLEM Springdale Reb Springdale Retail, Inc., is a retailer that has angaged you to 85sist in the preparation of its finan- cial statements at December 31, 2015, Following are the correct adjusted account balances, in alphabetical order, as of that date. Each balance is the "normal" balance for that account. (Hint: The '"normal balance is the same as the debit or credit side that increases the account.) $12,750 2,600 2,0C0 7,000 22,500 15,200 18,000 100,575 5,750 2,750 5,000 8,190 Accounts payable Accounts receivable. Accumulated depreciation: office equipment Additional paid-in capital (common stock) Bonds payable (due December 31, 2018).. Cash Cost of goods sold Deferred income taxes. Depreciation expense: office equipment Dividends declared Income tax expense. Insurance expense Merchandise inventory Notes payable (due December 31, 2016). Offce equipment.. 37,500 .17,500 2,500 41,000