Inventory (finished goods) $ 60,500 Cost of Goods Sold $2,120,400 Unearned Service Revenue 92,200 Notes Receivable 40,400 Equipment 261,300 Accounts Receivable 152,420 Inventory (work in process) 34,200 Inventory (raw materials) 193,420 Cash 40,700 Supplies Expense 55,100 Debt Investments (trading) 39,700 Allowance for Doubtful Accounts 11,520 Customer Advances 38,100 Licenses 17,680 Restricted Cash for Plant Expansion 53,200 Additional Paid-in Capital 85,150 Treasury Stock 22,270 The following additional information is available. 1 Inventories are valued at lower-of-cost-or-market using LIFO 2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,781. 3. The short-term investments have a fair value of $31,260. A. 5. The notes receivable are due April 30, 2027, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2025) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $51,900 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $14,460 7 Treasury stock is recorded at cost.