Presented below are selected accounts of Flint Company at December 31, 2025. Inventory (finished goods) $52,800 Cost of Goods Sold $2,146,300 Unearned Service Revenue 94,200 Notes Receivable 37,200 Equipment 259,600 Accounts Receivable 156,370 Inventory (work in process) 35,600 Inventory (raw materials) 175,930 Cash 38,100 Supplies Expense 55,550 Debt Investments (trading) 41,000 Allowance for Doubtful Accounts 11,650 Customer Advances 37,600 Licenses 18,650 Restricted Cash for Plant Expansion 50,200 Additional Paid-in Capital 91,510 Treasury Stock 20,290 The following additional information is available. 1. Inventories are valued at lower-of-cost-or-market using LIFO. 2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $52,279. 3. The short-term investments have a fair value of $26,910. 4. 5. The notes receivable are due April 30, 2027, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2025.) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $52,600 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $12,940. 7. Treasury stock is recorded at cost. Current Assets Cash Add : Equity Investments Interest Receivable Accounts Receivable $ 38100 26910 156370 $ 6501 148 Less : Allowance for Doubtful Accounts 11650 14472 $