O CLOSING PROCESS AND FINANCIAL STATEMENTS Balance sheet subtotals ounts Payable $ 40,500 63,900 Equipment Service Revenue S 46,500 61,300 Accounts Receivable 19,800 7,300 Accumulated Depreciation. Equipment Accumulated Depreciation, Buildings Legal Expense Note Payable, due in two 56,300 18,000 years Advertising Expense 24,600 2,500 93,000 6,300 4,600 Beginning Retained Earnings Buildings Capital Stock 10 cash Dividends 84,000 60,700 Prepaid Rent Rent Expense Salaries Expense Salaries Payable Supplies Supplies Expense 10,800 89.500 11.000 18,700 1,500 Required: Compute the dollar amount of the book value of property, plant and equipment as it would appear on the December 31 balance sheet. Explanation Check