Adams Company reports the following balance sheet accounts as of December 31. Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock $ 7,000 Retained earnings $ 60,000 71,000 Notes payable (due in 9 years) 8,000 Office supplies 16,000 Land 50,000 4,000 42,000 20,000 Accumulated depreciation-Building 5,000 Mortgages payable (due in 5 years) 14,000 Cash 7,000 32,000 36,000 20,000