Question 3 of 4 Selected accounts follow of Ayayai Limited at December 31, 2020: Finished Goods Inventory Unearned Revenue Bank Overdraft Equipment Work-in-Process Inventory Cash FV-NI Investments Interest Payable Restricted Cash (for Plant Expansion) $153,000 91.000 8,100 263.000 35.000 51.000 32.000 37.000 51.000 Cost of Goods Sold Notes Receivable Accounts Receivable Raw Materials Inventory Supplies Expense Allowance for Doubtful Accounts Intangible Assets-Trade Names Contributed Surplus Common Shares $2.200,000 41,000 171.000 197.000 61.000 13,000 19.000 15,000 273.000 The following additional information is available: 1. 2. 3 Inventory is valued at the lower of cost and net realizable value using FIFO. Equipment is recorded at cost. Accumulated depreciation, calculated on a straight-line basis, is $51.600. The FV. NI investments have a fair value of $30.000. (The notes receivable are due April 30, 2021, with interest receivable every April 30. The notes bear interest at Accrue interest due on December 31, 2020.) Question 3 of 4