1 (28 points) The following list of accounts and their balances represents the unadjusted trial balance of Alt Company at December 31, 2017: Cash Equity Investments (trading) $29,090 60,000 69.000 Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Rent Plant Assets Accumulated Depreciation-Plan Assets Accounts Payable $500 54,720 36,000 160,000 4,740 11,370 90,000 170,000 97,180 214,800 Bonds Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Freight-Out Salaries and Wages Expense Interest Expense Rent Revenue Miscellaneous Expense Insurance Expense 154,400 11,000 32,000 2,040 21,600 890 Additional Data: 1. The balance in the Insurance Expense account contains the premium costs of three policies: Policy 1, remaining cost of $2,550, 1-yr. term, taken out on May 1, 2016; Policy 2, original cost of $7,200, 3-yr. term, taken out on Oct. 1, 2017 Policy 3, original cost of $1,300, 1-yr. term, taken out on Jan. 1,2017 2. On Sentem