On March 31, 2019, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows:
Accounts Receivable
$163,800
Accumulated Depreciation-Building
740,900
Administrative Expenses
526,350
Building
2,507,600
Cash
188,150
Common Stock
304,450
Cost of Goods Sold
3,852,200
Dividends
184,450
Interest Expense
10,200
Inventory
1,022,000
Notes Payable
238,600
Office Supplies
19.050
Retained Earnings
1.267,250
Salaries Payable
7,700
Sales
6.264,600
Selling Expenses
735,850
Store Supplies
88,750