Accounts payable Accounts receivable $840 840 Accumulated depreciation-equipment 580 Cash 1,400 Common stock 17,200 Cost of goods sold 1,000 Depreciation expense 365 Dividends 335 Equipment 2,530 Goodwill 1,700 Income tax expense 160 Income taxes payable 145 Insurance expense 300 Interest expense 510 Inventory 970 Investment in land 14,985 Land 2,500 Mortgage payable (long-term) 3,700 Notes payable (short-term) 70 Prepaid insurance 70 Retained earnings (beginning) 1,700 Salaries and wages expense 600 Salaries and wages payable 230 Sales revenue 5,100 Stock investments (short-term) 1,300