Accounts payable 108,000 Accounts receivable 305,000 Accrued wages 1 5 ,500 Amortization expense 105,000 Capital Stock 200,000 Cash 15,000 Cost of sales 678 ,500 Current portion of mortgage payable 25,000 Dividends 30,000 Dividends payable 7 ,500 General, administrative and selling expenses 804,000 Income tax expense 135,000 Income taxes payable 34,000 Interest expense 65 ,000 Inventory 125,000 Mortgage payable (non- current portion) 550,000 Patents 200,000 Prepaid expenses 6,000 Property, plant and equipment 850,000 Sales for cash 250,000 Sales on credit 1,825,000 Retained earnings 303 ,500 (beginning of the year balance)