12/31/2019 12/31/220 DR CR rof DR CA Checking account 1,300,000 A-1 1,402,000 US Treasury bills (0-60 days) 500,000 A-1 1,110,000 Accounts Receivable 550,000 C-1 608,500 Allowance for Doubtful Accounts 52,500 C-2 23,235 Note Receivable D-1 69,000 Interest receivable D-1 3,880 Inventory 6,335,982 E-1 8,309,000 Prepaid Insurance 7,200 1-1 4,000 Federal tax deposits (income) 500,000 550,000 Investments, available for sale F-1 410,000 Fair value adjustment, Investments F-1 162,000 Investments in bonds F-1 100,000 Bond premium F-1 4,050 Land 6,106,000 G-1 6,106,000 Buildings 27,611,000 G-1 27,611,000 Computer Hardware and Software 2,651,000 G-1 2,651,000 Furniture & Fixtures 5,503,000 G- 1 5,503,000 Vehicles 150,000 G-1 200,000 Accumulated depreciation 14,792,824 G-2 17,358,000 Cash surrender value - officer life insurance 15,000 16,685 Accounts payable 1,150,000 1,252,000 Current portion of LT debt & other borrowings 920,200 Accrued and other current liabilities 3,500,000 4,686,350 LT Debt 19,654,452 17,851,566 Deferred taxes 41,406 41,406 Other noncurrent liabilities 1,825,000 1,878,000 Common stock, 46,000 46,000 Additional paid-in capital 5,561,000 5,661,000 Retained earnings 4,506,000 4,506,000 Common stock dividends 1,359,000 Accumulated other comprehensive loss 513,000 Sales 70,291,828 Cost of goods sold 48,872,000 Selling, general & Admin expenses 13,648,374 Depreciation G- 7 2,625,176 Net Interest expense 1,602,350 Federal Income tax 1,296,000 Interest income D-1 3,430 Dividend income F-1 24,000 Unrealized gain on securities F-1 162,000 Gain on sale of equipment G-1 31,000 51,229,182 51,229,182 124,736,015 124,736,015 Comprehensive income 2,468,358 Other items of comprehensive income 162,000 Net income 2,306,358