Debit Credit Cash $359,900 Sales Revenue $14,823,000 Debt Investments (trading) (at cost, $218,000) 280,600 Cost of Goods Sold 8,784,000 Debt Investments (long-term) 546,560 Equity Investments (long-term) 507,520 Notes Payable (short-term) 164,700 Accounts Payable 832,040 Selling Expenses 3,660,000 Investment Revenue 115,900 Land 475,800 Buildings 1,903,200 Dividends Payable 248,880 Accrued Liabilities 175,680 Accounts Receivable 795,440 Accumulated Depreciation-Buildings 278,160 Allowance for Doubtful Accounts 46,360 Administrative Expenses 1,647,000 Interest Expense 386,740 Inventory 1,091,900 Gain 146,400 Notes Payable (long-term) 1,647,000 Equipment Bonds Payable 1,098,000 1,830,000 Accumulated Depreciation-Equipment 109,800 Franchises 292,800 Common Stock ($5 par) 1,830,000 Treasury Stock 350,140 Patents 357,460 Retained Earnings 142,740 Paid-in Capital in Excess of Par 146,400 Totals $22,537,060 $22,537,060 Compute each of the following: 1. 1. Total current assets $ 2. Total property, plant, and equipment 1. $ 3. Total assets 4. Total liabilities 5. Total stockholders' equity 19 $ 19 $ 19 $