Exercise 5-12 Presented below is the trial balance of Sandhill Corporation at December 31, 2017. Debit Credit Cash Sales Debt Investments (trading) (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 $ 201,440 $8,102,150 155,150 4,800,000 303,440 281,440 92,150 457,150 2,002,150 67,180 262,150 1,044,440 140,440 98,150 437,150 152,000 27,150 904,180 215,180