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Pane in the Glass Company (Pane) is a glass manufacturer based out of Carlsbad, CA. They produce a number of glass products including car windows and windshields, windows for houses, stained glass windows, and a number of other specialty products. The following information pertains to the fiscal year ending December 31, 2020: At the beginning of the 2020, the company's 1/1/2020 trial balance was as follows: Number Title Debit Credit $ $ 100 Cash 1,355,800 110 Accounts Receivable 125,000 115 Allowance For Doubtful Accounts $ 2,500 $ 120 Inventory 135 Accumulated Depreciation 12,345 177,400 2$ $ 140 Equipment 300,000 160 Buildings 462,500 170 Land 68,535 180 Patents $ 18,000 185 Accumulated Amortization $ 3,000 200 Accounts Payable 200,050 300 Common Stock $4 220,000 310 Additional Paid In Capital 766,000 340 Retained Earnings 2$ 973,230 $ 2,342,180 $ 2,342,180 Other assumptions for the year a. Depreciation and amortization are computed using the straight line method. b. Pane uses a perpetual system to track their inventory. c. Pane uses the percentage of receivables method to estimate their bad debt expense d. Pane has a year end of December 31, 2020 %24