Windsor Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end. July 31, 2021. The following information has been taken from the adjusted trial balance: Accounts payable $23,500 Interest expense $6,100 Cash dividends-common 57,000 Notes payable 109,000 Common shares 207,000) Retained earnings (Aug. 1. 2020) 336,100 Cost of goods sold 316,000 Salaries expense 133,000 Dividends payable 15,100 Sales 672.500 Income tax expense 30.500 Supplies expense 11,000 Income tax payable 2.400 Unearned revenue 10,500 All accounts have normal balances and total assets equal $822.500. Windsor has a 20% income tax rate.