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Part 2-Balance Sheet Computations-24 points The following accounts appeared on the trail balance of Elbert Company at December 31, 2018 Notes Payable (shorter$192,000 Accounts Receivable CA $518,400 94,050 150,000 1,125,000 612,000 1,580,250 465,000 73,200 5,700 1,926,000 409,950 cumulated Depreciation-Bldgeet 783,000 Prepaid insurance CA Accum. Other Comprehens.Income D 163,800 Treasury Stock A Salaries and Wages Payable C Debt Investments (long-term) LT 281,400 Retained Earnings PA 34,200 Common Stock DA Inventory CA Bonds Payable Due 1/1/2025 2 1,200,000 Land PA Allowance for Doubtful Accts..CA c.hn 7,800 Trading Securities #nv Copyrights Notes Receivable (due in 6 months)CA 138,000 Buildings pPE ncome Taxes Payable CL 192,900 Interest Payable C 156,000 Accounts Payable CL Instructions: Compute each of the following. Show your calculations-write the accounts and numbers you added/subtracted to get your answer. Part 2-Balance Sheet Computations-24 points The following accounts appeared on the trail balance of Elbert Company at December 31, 2018 Notes Payable (shorter$192,000 Accounts Receivable CA $518,400 94,050 150,000 1,125,000 612,000 1,580,250 465,000 73,200 5,700 1,926,000 409,950 cumulated Depreciation-Bldgeet 783,000 Prepaid insurance CA Accum. Other Comprehens.Income D 163,800 Treasury Stock A Salaries and Wages Payable C Debt Investments (long-term) LT 281,400 Retained Earnings PA 34,200 Common Stock DA Inventory CA Bonds Payable Due 1/1/2025 2 1,200,000 Land PA Allowance for Doubtful Accts..CA c.hn 7,800 Trading Securities #nv Copyrights Notes Receivable (due in 6 months)CA 138,000 Buildings pPE ncome Taxes Payable CL 192,900 Interest Payable C 156,000 Accounts Payable CL Instructions: Compute each of the following. Show your calculations-write the accounts and numbers you added/subtracted to get your