Exercise 5-12 Presented below is the trial balance of Sandhill Corporation at December 31, 2020. Credit Debit $ 199,690 $ 8,103,140 156,140 4,800,000 301,690 279,690 93,140 458,140 2,003,140 65,840 263,140 1,042,690 138,690 99,140 438,140 Cash Sales Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock ($5 par) Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par Totals 152,000 28,140 902,840 213,840 599,690 82,840 902,690 603,140 1,002,690 60,000 160,000 1,003,140 194,140 195,000 80,690 82,690 $12,352,970 $12,352,970 SANDHILL CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work