Exercise 4-6 ] Your answer is partially correct. Try again. The following balances were taken from the books of Flint Corp. on December 31, 2017. Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Buildings Cost of goods sold $87,150 Accumulated depreciation-equipment $41,150 29,150 156,150 195,150 171,150 101,150 52,150 Accumulated depreciation-buildings 1,381,150 151,150 Notes receivable Selling expenses 21,150 Accounts payable 151,150 8,150 46,150 101,150 201,150 141,150 622,150 Bonds payable Administrative and general expenses Accrued liabilities Interest expense Notes payable Loss from earthquake damage Common stock Retained earnings 98,150 33,150 61,150 101,150 151,150 501,150 22,150 Assume the total effective tax rate on all items is 34%