Bonds Payable Cash Accounts Receivable Preferred Stock Accounts Payable Land Common Stock Inventory Retained Earnings Cornerstone Co. Balance Sheet Accounts 12/31/17 $2,100 12/31/18 $2,100 400 392 145 128 500 500 244 250 3,285 3,285 1,200 1,200 480 520 320 400 40 28 114 173 20 20 Unearned Rent Revenue (to be earned in 2 months) Prepaid Insurance (3-month policy) Taxes Payable Cornerstone Co. Income Statement Accounts For Year Ended 12/31/18 Insurance Expense Interest Expense $60 32 Cost of Goods Sold 1,500 Rent Revenue Net Sales Revenue 25 25 2.000