Montauk Oil Company reports these account balances at December 31, Year 1 Accounts Payable $ 120,000 Land 210,000 Notes Payable 270,000 Equipment 170,000 Cash 90,000 Accounts Receivable 110,000 Buildings 250,000 Capital Stock 350,000 Retained Earnings 80,000 On January 2, Year 2, Montauk Oil collected $60,000 of its accounts receivable and paid $30,000 of its accounts payable. In a trial balance prepared at January 3, Year 2, the total of the debit column is