Additional information:

1. The investment in equity securities account includes an investment in common stock of another corporation of $31,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year.
2. The land account includes land which cost $26,000 that the company has not used and is currently listed for sale.
3. The cash account includes $16,000 restricted in a fund to pay bonds payable that mature in 2024 and $24,000 restricted in a three-month Treasury bill.
4. The notes payable account consists of the following:

1. a $31,000 note due in six months.
2. a $51,000 note due in six years.
3. a $51,000 note due in five annual installments of $10,200 each, with the next installment due February 15, 2022.

5. The $61,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9,000.
6. The common stock account represents 101,000 shares of no par value common stock issued and outstanding. The corporation has 400,000 shares authorized.

The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Debits Credits $ 47,000 112,000 61,000 201,000 8,000 92,000 421,000 $ 101,000 111,000 61,000 11,000 77,000 133,000 21,000 241,000 303,000 127,000 $1,064,000 $1,064,000 The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Debits Credits $ 47,000 112,000 61,000 201,000 8,000 92,000 421,000 $ 101,000 111,000 61,000 11,000 77,000 133,000 21,000 241,000 303,000 127,000 $1,064,000 $1,064,000