Ivanhoe Corporation's trial balance at December 31, 2022, is presented below. All 2022 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable $21,930 43,860 Inventory 19.522 Land 55,900 Buildings 81,700 Equipment 34,400 Allowance for Doubtful Accounts $387 Accumulated Depreciation-Buildings 25,800 Accumulated Depreciation-Equipment 12,384 Accounts Payable 16,598 Interest Payable -0- Dividends Payable Unearned Rent Revenue -0- 6,880 Bonds Payable (10%) Preferred Stock ($20 par) 43,000 -0- Paid-in Capital in Excess of Par-Preferred Stock Common Stock ($10 par) Paid-in Capital in Excess of Par-Common Stock -0- 25,800 5,160 Retained Earnings 64,543 Treasury Stock -0- Cash Dividends -0- Sales Revenue Rent Revenue Bad Debt Expense Interest Expense 490,200 -0- -0- -0- Cost of Goods Sold Depreciation Expense Other Operating Expenses 344,000 -0- 33,540 Salaries and Wages Expense 55.900 Total $690,752 $690,752 Unrecorded transactions and adjustments: 1. On January 1, 2022, Ivanhoe issued 860 shares of $20 par, 6% preferred stock for $18,920. 2. On January 1, 2022, Ivanhoe also issued 860 shares of common stock for $19.780. 3. Ivanhoe reacquired 258 shares of its common stock on July 1, 2022, for $49 per share. 4. On December 31, 2022, Ivanhoe declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023. 5. Ivanhoe estimates that uncollectible accounts receivable at year-end are $4,386. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $4,300. 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $3,440. 8. 9. The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2022, has not been paid or recorded. (Ignore income taxes.) Current Assets Cash Accounts Receivable Less Allowance for Doubtful Accounts Inventory Total Current Assets Intaneible Assets Land IVANHOE CORPORATION Balance Sheet December 31, 2022 Assets 43860 47128 4386 i 39474 55900 81700 Building Less Accumulated Depreciation-Buildings 28380 Equipment 34400 Less: Accumulated Depreciation Equipment 15480 53320 18920 19522 106124 Total Intanrible Assets Total Assets Current Liabilities Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Total Current Liabilities Long-term Liabilities Bonds Payable Total Liabilities Stockholders' Equity Capital Stock Liabilities and Stockholders' Equity 16598 4300 5805 1720 128140 $ 234264 $ 28423 43000 71423