Cash 157,000 A/ R 170,000 Allowance for Doubtful accounts Investment 52,000 Equip 279,000 ADEquip Accounts payable Income tax payable Common Stock Sales COGS 350,000 Salaries Expense 93,000 Depreciation expense 17,000 Dividends 30,000 Loss on Sale 5,000 Tax expense 27,000 Totals 1,180,000 Sold investments @ a loss of $5,000; investments are long term. 30,000 106,000 109,000 27,000 160,000 148,000 600,000 1,180,000 78,000 185,000 74,000 240,000 340,000 120,000 8,000 20,000 29,000 1,094,000