Problem 2. Mark the appropriate box with an X (44 points) Asset Liability Revenue Expense Trial Balance Accounts Payable 8,174,294.00 Prepaid insurance 200.00 LT Debt 40,100,000.00 Costs of Goods Sold 199,336,940.00 Utilities expense 4,500,000.00 Sales 271,668,145.00 Accounts receivable 7,616,900.00 Notes Payable ST 9,000,000.00 Taxes 5,907,479.00 Cash 2,339,333.00 Property plant and equipment 130,772,423.00 Comm. Stock 6,140,000.00 Rent expense 10,900,000.00 Marketing expenses 500.00 Retained Earnings 46,043,950.00 Depreciation 7,566,900.00 Interest 4,170,100.00 Salaries expense 12,000,000.00 Insurance expense 1,699,300.00 Notes Payable LT 15,512,953.00 Inventories 8,540,267.00 Supplies 1,289,000.00 Total 396,639,342.00 396,639,342.00