Accounts Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Cost of Goods Sold Depreciation Expense Income Tax Expense Interest Expense Interest Payable Inventory Balance 4,000 Long-term Debt 15,000 Patent 40,000 Prepaid Rent Accounts Balance 50,000 12,000 3,000 17,000 Property, Plant & Equipment 200,000 36,000 68,000 Research & Development Expense 7,000 10,000 Retained Earnings 33,000 1,000 Salary Expense 48,000 1,500 175,000 124,000 Rent Expense 2,000 Salary Payable 500 Sales 6,000