ESCALADE, INC. Adjusted Account Balances At December 31 (in thousands) Accounts Payable $2,792 Accounts Receivable 34,141 Accrued Interest Payable 42 Accrued Wages Payable 5,856 Accrued Warranties Payable 1,324 Accumulated Depreciation 26,198 Cash 3,370 Contributed Capital 7,165 Cost of Goods Sold 111,164 Depreciation Expense 862 Factory Buildings 7,070 Income Tax Expense 5,804 Income Tax Payable 1,189 Insurance Expense 2,368 Interest Expense 950 Interest Receivable 415 Inventory of Finished Goods 10,263 Inventory of Goods being Made 4,536 Inventory of Supplies and Materials 5,750 Long-Term Bank Loan 14,000 Long-Term Contract Payable 1,837 Long-Term Note Payable 2,700 Manufacturing Equipment 12,962 Notes Payable (current) 11,390 Notes Receivable 400 Office Building 2,301 Office Equipment 2,363 Office Supplies Expense 69 Other Accrued Liabilities 1,638 Other Long-Term Assets 28,310 Packaging Expenses 1,010 Prepaid Insurance 108 Prepaid Rent 434 Rent Expense 7,350 Retained Earnings 27,571 Salaries Expense 3,582 Sales Commissions Expense 3,349 Sales of Basketball Systems 98,998 Sales of Other Products 28,710 Sales of Ping Pong Tables 27,747 Shipping Expenses 1,448 Transport Equipment 7,560 Deferred Revenue 8,144 Utilities Expense 2,111 Wages Expense 3,024 Warranties Expense 1,226 Warehouse Buildings 3,001