Problem Set #1 The accounts of Casbah Inc have the following balances on its trial balance at December 31, 2020. All accounts have normal balances. Account Balance Cash $43,000 Construction in process 124,000 Accumulated other comprehensive 45,000 income Accounts receivable 173,500 Allowance for doubtful Accounts 9,200 Prepaid insurance 7,000 Inventory 191,400 Notes payable 94,000 FV-OCI investments Land Income tax payable Equipment Accounts payable 339,000 89,000 49,200 400,000 137,500 Common shares 500,000 Bonds payable at net carrying value 180,000 Retained earnings (see Addition Information. #10) Intangible assets patents 36,000 Accumulated depreciation- equipment 240,000 Cash Dividends Payable 20,000 Equipment Held for Future Use 30,000