Accounts	Debits	Credits
Cash	40000
Accounts Receivable	35,000
Allowance for Doubtful Accounts		7000
Inventory	80000
Investments	40000
Notes Receivable	50000
PPE	390000
Accumulated Depreciation		50000
Patents	25000
Prepaid rent	40000
Accounts payable		50000
Notes payable		180000
Salaries payable		79000
Taxes payable		39000
Interest payable		25000
Common Stock		150000
Retained earnings		100000
AOCI		20000
	700000	700000

Notes:

1. $2,000 cash has been set aside to pay off a note payable that matures in 2022.
2. Investments include:
   1. A $5,000 municipal bond issued on Nov 1^st 2020 with a maturity date 90 days from date of issue.
   2. $20,000 in stocks that the firm does not intend to sell within the next 12 months
   3. The remainder consists of stocks and bonds intended for sale within the next 12 months
3. Accounts receivable includes a $10,000 long term note from a customer due Dec 1^st- 2020. This note has been left out of the reported Note receivables.
4. Notes payable include:
   1. 80,000 is a note due March 31^st 2025
   2. 100,000 is a note with 5 payments of 20,000. First payment is due June 1st 2021
5. Prepaid rent represents two years worth of rent expense prepaid in advance
6. Common stock consists of:
   1. 10,000 shares outstanding of stock with PAR value of $1, issued at $15, 50,000 shares authorized

Using the following information, fill in the blanks on the the Balance sheet dated Dec 31^st 2020:

Assets
Current Assets
Cash and cash equivalents		43000
Investments
?????	?????
Total Current Investments		15000
Accounts receivable	35000
?????	?????
Net Accounts Receivable		?????
Inventory		80000
Prepaid rent		20000
Total Current Assets		?????
Non-current Assets
Investments
?????	?????
Available for sale securities	20000
Notes receivable	50000
Total non-current investments		72000
PPE	390000
Less: Accumulated Depreciation	-50000
Net PPE		340000
Intangible Assets
Patents	25000
Total Intangible Assets		25000
Other Assets
Prepaid Rent		20000
Total Non-current Assets		457000
Total Assets		643000