Balance Sheet Baggett Company's balance sheet accounts and amounts as of December 31, 2016, are shown in random order as follows: Account Debit (Credit) Account Debit (Credit) Income Taxes Payable $(3,800) Additional Paid-in Capital on Preferred Prepaid Items 1,800 Stock $(7,900) Additional Paid-in Capital on Common Stock (9,300) Allowance for Doubtful Accounts (1,600) Land 12,200 Bonds Payable (due 2020) (23,000) Notes Payable (due 2019) (6,000) Buildings 57,400 Notes Receivable (due 2018) 16,400 Sinking Fund to Retire Bonds Payable 5,000 Accounts Receivable 12,600 Advances from Customers (long-term) (2,600) Premium on Bonds Payable (1,400) Cash 4,300 Accounts Payable (13,100) Accumulated Depreciation: Equipment (9,700) Inventory 7,400 Retained Earnings (18,300) Accumulated Depreciation: Buildings (21,000) Preferred Stock, $100 par (18,600) Patents (net) 4,600 Wages Payable (1,400) Equipment 28,700 Common Stock, $10 par (12,700) Required: