Presented below are selected accounts of Pina Company at December 31, 2020. Cost of Goods Sold $ 57,100 99,000 259,100 41,700 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $2,105,600 37,200 164,180 195,590 64,430 11,240 17,770 Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock 42,600 32,700 42,900 50,800 86,610 23,020 The following additional information is available. 1. 2. 3. 4. Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,080. The short-term investments have a fair value of $30,750. The notes receivable are due April 30, 2022, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2020.) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $52,700 are pledged as collateral on a bank loan. Licenses are recorded net of accumulated amortization of $13,410. Treasury stock is recorded at cost. 5. 6. 7. PINA COMPANY Balance Sheet (Partial) December 31, 2020 $ Less $ e Textbook and Media Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity