Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2021. Credits $ Debits 26,800 142,000 30,000 106,000 9,000 $ 11,000 38,000 56,000 1,420,000 626,000 Account Title Cash Accounts receivable Raw materials Notes receivable Interest receivable Interest payable Investment in debt securities Land Buildings Accumulated depreciation buildings Work in process Finished goods Equipment Accumulated depreciation equipment Patent (net) Prepaid rent (for the next two years) Deferred revenue Accounts payable Notes payable Restricted cash (for payment of notes payable) Allowance for uncollectible accounts Sales revenue Cost of goods sold Rent expense 48,000 95,000 312,000 136,000 126,000 66,000 42,000 186,000 460,000 86,000 19,800 920,000 456,000 34,080 Additional Information: 1. The notes receivable, along with any accrued interest, are due on November 22, 2022 2. The notes payable are due in 2025. Interest is payable annually. 3. The investment in debt securities consist of treasury bills, all of which mature next year. 4. Deferred revenue will be recognized as revenue equally over the next two years, 3 Current assets 75 oints eBook Hint Print References Total current assets 0 Current liabilities: 0 Total current liabilities Working capital Neyt