P1-66B (Learning Objectives 4, 5: Preparing an income statement, a statement of changes in equity, and a balance sheet; using accounting information to make decisions) The assets and liabilities of Post Shrub as of December 31, 20X6, and revenues and expenses for the year ended on that date follow. Land9,000 Note payable Property tax expense Rent expense.... Equipment E 36.000 4,950 1,900 Interest payable1,100 14,000 38,000 129,000 .. 15,000 16,450 33,000 Interest expense. 13,500 Accounts payable 26,000 Salary expense 144,000 Building Service revenue Supplies.. Utilities expense. 2,000 Cash. 3,200 Share capital Beginning retained earnings were 112.000, and dividends totaled 642.000 for the year