Ceramic Products, Incorporated reports these account balances at January 1, Year 2 (shown in alphabetical order):

Accounts Payable	$ 37,000
Accounts Receivable	29,000
Buildings	162,000
Capital Stock	194,000
Cash	22,000
Equipment	29,000
Land	89,000
Notes Payable	33,000
Retained Earnings	58,000

On January 5, Ceramic Products collected $21,000 of its accounts receivable and paid $20,000 on its note payable.

In a trial balance prepared for Ceramic Products on January 1, Year 2, the total of the credit column is:

Multiple Choice

• $322,000.

• $214,000.

• $194,000.

• $252,000.