Presented below is the trial balance of Cullumber Corporation at December 31, 2020. Debit Credit Cash $ 201,180 Sales $ 8,104,150 Debt Investments (trading) (at cost, $145,000) 157,150 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 303,180 Equity Investments (long-term) 281,180 Notes Payable (short-term) 94,150 Accounts Payable 459,150 Selling Expenses 2,004,150 Investment Revenue 67,230 Land 264,150 Buildings 1,044,180 Dividends Payable 140,180 Accrued Liabilities 100,150 Accounts Receivable 439,150 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 29,150 Administrative Expenses 904,230 Interest Expense 215,230 Inventory 601,180 Gain 84,230 Notes Payable (long-term) 904,180 Equipment 604,150 Bonds Payable 1,004,180 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Common Stock ($5 par) 1,004,150 Treasury Stock 195,150 Patents 195,000 Retained Earnings 82,180 Paid-in Capital in Excess of Par 84,180 Totals $12,369,260 $12,369,260