Accounts receivable Inventory Prepaid expenses Land Building Equlpment: Accumulated depreciation-Bld Accumulated depreclation-Equipe Investmears Patents 198.000 264,000 186.000 100.000 125,000 358.000 $28.000 129,000 178.000 4.000. Accounts payable 79000 Interest payable Allowance for uncollectible accounts 35,000 Total stockholders' equity 699,000 Totals $1,552,000$1,552,000 Listed below are year-end, 12/31/24, account balances ( $ in thousands) taken from the records of XYZ Corporation. Investments Patents Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable Bonds Payable Allowance for uncollectible accounts Total stockholders' equity 178,000 40,000 79.000 38.000 100,000 49,000 295,000 100.000 35.000 699.000 Totals $1.552000$1.552000 Additional information: 1. Cash includes restricted cash of $40,000 to be used for repayment of the bonds payable due in 2030. 2. Prepaid expenses include $120,000 paid on December 31,2024 , for three years of rent on the building that houses both the administrative offices and the manufacturing facility. 3. The land account includes land held for speculation which cost $35,000. 4. Investrmerits include $88,000 in Treasury bllis purchased on November 30, 2024. The bills mature on January 30, 2025, The remaining $90,000 is an investment in equity securities. The company intervis to sell 40% of their irvestrment in equity securities in the next year. The balance of this investment in equity securities is expected to be held tor longer than one year. 5. Deferred revenue represents customer prepayments special orders. These special orders will be eamed evenly over the next 24 months: 6. The notes payable account consists of the following: +has $50.00 noteidue in six months. b. $$49000 note due 7/31/30. 4+$96,00n note due in six annul installiments of $16.000 each, with the frst instaliment due August 31,2025 . 7. Total stockholders' equity includes 100,000 shares of $2 par value common stock issued and outstanding. The aver Accounts receivable Inventory Prepaid expenses Land Building Equlpment: Accumulated depreciation-Bld Accumulated depreclation-Equipe Investmears Patents 198.000 264,000 186.000 100.000 125,000 358.000 $28.000 129,000 178.000 4.000. Accounts payable 79000 Interest payable Allowance for uncollectible accounts 35,000 Total stockholders' equity 699,000 Totals $1,552,000$1,552,000 Listed below are year-end, 12/31/24, account balances ( $ in thousands) taken from the records of XYZ Corporation. Investments Patents Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable Bonds Payable Allowance for uncollectible accounts Total stockholders' equity 178,000 40,000 79.000 38.000 100,000 49,000 295,000 100.000 35.000 699.000 Totals $1.552000$1.552000 Additional information: 1. Cash includes restricted cash of $40,000 to be used for repayment of the bonds payable due in 2030. 2. Prepaid expenses include $120,000 paid on December 31,2024 , for three years of rent on the building that houses both the administrative offices and the manufacturing facility. 3. The land account includes land held for speculation which cost $35,000. 4. Investrmerits include $88,000 in Treasury bllis purchased on November 30, 2024. The bills mature on January 30, 2025, The remaining $90,000 is an investment in equity securities. The company intervis to sell 40% of their irvestrment in equity securities in the next year. The balance of this investment in equity securities is expected to be held tor longer than one year. 5. Deferred revenue represents customer prepayments special orders. These special orders will be eamed evenly over the next 24 months: 6. The notes payable account consists of the following: +has $50.00 noteidue in six months. b. $$49000 note due 7/31/30. 4+$96,00n note due in six annul installiments of $16.000 each, with the frst instaliment due August 31,2025 . 7. Total stockholders' equity includes 100,000 shares of $2 par value common stock issued and outstanding. The aver
