Additional Information 1. The $152,000 balance in the land account consists of $116,000 for the cost of land where the plant and office buildings are located The remaining $36,000 represents the cost of land being held for speculation 2. The $76,000 balance in the investment in equity securities account represents an investment in the common stock of another corporation Valley intends to sell one-half of the stock within the next year 3. The notes payable account consists of a $132,000 note due in six months and a $198.000 note due in three annual installments of $66.000 each, with the first payment due in August of 2022 ces Additional Information 1. The $152,000 balance in the land account consists of $116,000 for the cost of land where the plant and office buildings are located The remaining $36,000 represents the cost of land being held for speculation 2. The $76,000 balance in the investment in equity securities account represents an investment in the common stock of another corporation Valley intends to sell one-half of the stock within the next year 3. The notes payable account consists of a $132,000 note due in six months and a $198.000 note due in three annual installments of $66.000 each, with the first payment due in August of 2022 ces