II. The following accounts appeared on the trial balance of Elbert Company at December 31, 2017. Notes Payable (short-term) $192,000 Accounts Receivable $518,400 Accumulated Depreciation - Bldg. Supplies 783,000 Prepaid Insurance 56,250 37,800 Salaries and Wages Payable 34,200 Common Stock 1,125,000 Debt Investments (long-term) Cash 281,400 Retained Earnings 612,000 170,250 Inventory 1,580,250 Bonds Payable Due 1/1/2025 1,200,000 Land 465,000 Allowance for Doubtful Accts. 7,800 Trading Securities 73,200 Copyrights 192,900 Interest Payable 5,700 Notes Receivable (due in 6 months) 138,000 Buildings 1,926,000 Income Taxes Payable 156,000 Accounts Payable 409,950 Preferred Stock 750,000 Additional Paid-in Capital 163,800 Instructions Prepare in good form a 12/31/17 Balance Sheet. (50 points)