4 5 Comparative balance sheet accounts of Livingston Company are presented below. Livingston Company Comparative Balance Sheet Accounts As of December 31 6 7 Debit balances 2021 2020 8. Cash 98,000 71,400 9 10 Accounts receivable 217,000 182,000 Inventory 105,000 85,400 11 Debt investments (available for sale) 77,000 119,000 12 23 Equipment 98,000 67,200 13 Buildings 203,000 203,000 14 Land 56,000 35,000 15 Total 854,000 763,000 16 Credit balances 17 Allowance for doubtful accounts 14,000 11,200 18 Accumulated depre.--equipment 29,400 19,600 19 Accumulated depre.-building 51,800 39,200 20 Accounts payable 92,400 84,000 21 Income tax payable 16,800 14,000 22 Long term notes payable 86,800 98,000 23 Common stock 434,000 364,000 24 Retained earnings 128,800 133,000 25 Total 854,000 763,000 26 H