QUESTION $1$

USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT $(6)$ QUESTIONS:

The following is a December $31,2016,$ post$-$closing trial balance for Excell Company:

$\backslash$table$[[$Account Title,Debits,Credits$],[$Cash$,$$$83,000,],[$Accounts Receivable $($net of Allowance$),$$$280,000,],[$Prepaid Expenses,$$32,000,],[$Investments$,$$$65,000,],[$Land$,$$$175,000,],[$Buildings $($net$),$$$160,000,],[$Equipment $($net$),$$$145,000,],[$Accounts payable,,$$73,000$