Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2021.

Account Title		Debits			Credits
Cash	$	20,000
Accounts receivable		130,000
Raw materials		24,000
Notes receivable		100,000
Interest receivable		3,000
Interest payable				$	5,000
Investment in debt securities		32,000
Land		50,000
Buildings		1,300,000
Accumulated depreciationbuildings					620,000
Work in process		42,000
Finished goods		89,000
Equipment		300,000
Accumulated depreciationequipment					130,000
Patent (net)		120,000
Prepaid rent (for the next two years)		60,000
Deferred revenue					36,000
Accounts payable					180,000
Notes payable					400,000
Restricted cash (for payment of notes payable)		80,000
Allowance for uncollectible accounts					13,000
Sales revenue					800,000
Cost of goods sold		450,000
Rent expense		28,000

Additional Information:

The notes receivable, along with any accrued interest, are due on November 22, 2022.

The notes payable are due in 2025. Interest is payable annually.

The investment in debt securities consist of treasury bills, all of which mature next year.

Deferred revenue will be recognized as revenue equally over the next two years.