Exercise 3-5 (Algo) Balance sheet preparation [LO3-2, 3-3] The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Account Title Cash Accounts receivable Debits Credits $ 26,000 58,000 Inventory Interest payable 83,000 $ 11,000 Investment in equity securities Land Buildings 46,000 122,000 305,000 Accumulated depreciation-buildings 101,000 Equipment 77,000 Accumulated depreciation-equipment 26,000 Copyright (net) 13,000 Prepaid expenses (next 12 months) 33,000 Accounts payable 66,000 Deferred revenue (next 12 months) 21,000 Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 255,000 6,000 210,000 67,000 $763,000 $763,000 Additional Information 1. The $122 000 balance in the land account consists of $101000 for the cost of land where the plant and office huld www