Presented below is the balance sheet for HHD, Inc., at December 31, 2018.

The captions shown in the summarized statement above include the following:

Current assets: cash, $169,000; accounts receivable, $219,000; inventories, $244,000; and prepaid insurance, $44,000.

Investments: investments in common stock, short term, $109,000, and long term, $179,000; and restricted cash, long term, $269,000.

Property, plant, and equipment: buildings, $1,690,000 less accumulated depreciation, $619,000; equipment, $690,000 less accumulated depreciation, $219,000; and land, $990,000.

Intangible assets: patent, $129,000; and copyright, $109,000.

Current liabilities: accounts payable, $119,000; notes payable, short term, $169,000, and long term, $109,000; and taxes payable, $79,000.

Long-term liabilities: bonds payable due 2023.

Shareholders equity: common stock, $1,950,000; retained earnings, $990,000. Five hundred thousand shares of no par common stock are authorized, of which 390,000 shares were issued and are outstanding.