Account Title. Debits Credits Cash $121,000 Short-term investments 103,000. Accounts receivable (net) 318,000 Prepaid expenses (for the next 12 months) 70,000 Land 113,000 Buildings 358,000 Accumulated depreciation-buildings $ 179,000 Equipment 284,000 Accumulated depreciation-equipment 139,000 Accounts payable Notes payable Mortgage payable Common stock Retained earnings Totals 192,000 Accrued liabilities 64,000 138,000 320,000 290,000 45,000 $ $ 1,367,000 1,367,000 Additional information: 1. The short-term investments account includes $37,000 in U.S. treasury bills purchased in May. The bills mature in July, 2024. 2. The accounts receivable account consists of the following: a. Amounts owed by customers b. Allowance for uncollectible accounts-trade customers c. Nontrade notes receivable (due in three years) d. Interest receivable on notes (due in four months) Total $ 252,000 (26,000) 84,000 8,000 $318,000 3. The notes payable account consists of two notes of $69,000 each. One note is due on September 30, 2024, and the other is due on November 30, 2025. 4. The mortgage payable is a loan payable to the bank in semiannual installments of $6,400 each plus interest. The next payment is due on October 31, 2024, Interest has been properly accrued and is included in accrued expenses. 5. Nine hundred thousand shares of no par common stock are authorized, of which 580,000 shares have been issued and are outstanding. 6. The land account includes $69,000 representing the cost of the land on which the company's office building resides. The remaining $44,000 is the cost of land that the company is holding for investment purposes.