The following account balances were included in the trial balance of Swifty Corporation at June 30, 2023: and equipment During 2023, Swifty incurred production salary and wage costs of $699,900, consumed raw materials and other production supplies of $476,170, and had an increase in work-in-process and finished goods inventories of $114,300. The Retained Earnings account had a balance of $273,000 at June 30,2023 , before closing. There are 180,000 common shares outstanding. Swifty has elected to adopt IFRS. (Hint: Production payroll and materials costs reduced by the increase in ending work-in-process and finished goods inventories = the cost of goods sold.)