Presented below are the balances from Elsie's Electronics Ltd.'s general ledger as at September 30, 2020:

DR CR Cash 30,000 Accounts receivable 31,000 Inventory 67,000

Equipment

328,000

Accumulated depreciation, equipment 160,000 Accounts payable 104,000 Bank loan payable 69,000 Unearned revenue 18,000 Common shares 10,000 Retained earnings 72,000 Dividends declared 18,000 Sales revenue 493,000 Interest revenue 2,000 Cost of goods sold

321,000 Wages expense 62,000 Rent expense 26,000 Depreciation expense 45,000