Cullumber Corporation alb December 31, 2122 presented AB2 the items described De Credit Ca 121420 Accounts Receivable 42340 Inventory 1108 54600 Buildings 79300 21400 Allowance for Doubtful Accounts Accumulated Depreciation-Bugs Accumulated Depreciation- Accounts Payable Dividend Payable Unearned Rent Revenue Bonds Payable (10 Paid in Capital in Excess of Par-Preferred Stock Common Stock $10 par Paid-in Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Cash Dividends Sales Rever Rant Revenue Bad Debt Expense Interest Expense Cost of Goods Sold 336,000 Depreciation Expe Other Operating Expenses 32760 Salaries and Wages Exper 54.600 Total 5674088 $6746 Unrecorded action and adatt 1 On January 1, 2022, Cullumber issued 840 shares of $20 par 4% preferred stock for $1,480 2 On January 3, 2022. Cullumber abe sued 840 shares of common stock for $19.330 3. Cullumber reacquired 252 shares of its common stock on July 1.2022 for $40 per share 4 On December 31, 2022, Cullumber declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock all payable on January 15.2022 5 Cullumber estimates that uncollectible accounts receivable at year end a 14.284 a The building is being depreciated using the straight-line method over 30 years. The salvage value is $4200 7 The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $3.360 9 The uneamed rent was collected on October 1, 2022 was receipt of 4 month rent in advance (October 1, 2022 hugh January 31, 202 The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 21 2022 has not been paid or recorded