bok nt int E ences Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2024. Account Title Cash Accounts receivable Raw materials Notes receivable Interest receivable Interest payable Investment in debt securities Land Buildings Accumulated depreciation-buildings Work in process Finished goods Equipment Accumulated depreciation-equipment Patent (net) Debits $ 27,000 Credits 144,000 31,000 107,000 10,000 $ 12,000 39,000 57,000 1,440,000 627,000 49,000 96,000 314,000 137,000 127,000 Prepaid rent (for the next two years) 67,000 Deferred revenue 43,000 Accounts payable: 187,000 Notes payable 470,000 Restricted cash (for payment of notes payable) 87,000 Allowance for uncollectible accounts 20,000 Sales revenue 940,000 Cost of goods sold 457,000 Rent expense 35,000 Additional Information: 1. The notes receivable, along with any interest receivable, are due on November 22, 2025. 2. The notes payable are due in 2028. Interest is payable annually. 3. The investment in debt securities consist of treasury bills, all of which mature next year. 4. Deferred revenue will be recognized as revenue equally over the next two years. Cash Accounts receivable Raw materials Notes receivable $ 27,000 ( 144,000 31,000 107,000 Interest receivable Interest payable 10,000 (12,000) Investment in debt securities 39,000 Land 57,000 x Buildings 1,440,000 Accumulated depreciation 627,000 Work in process 49,000 Finished goods 96,000 Total current assets 2,615,000 Current liabilities: Accounts payable 314,000 Accumulated depreciation 137,000x Patent 127,000 Prepaid rent 67,000 Deferred revenue 43,000X Accounts payable 187,000 Total current liabilities 875,000 Working capital