Selected Balance Sheet acount balances are: MELLISSA COMPANY December 31 Cash Accounts Payable Accounts Receivable Salaries Payable Land Merchandise Inventory Prepaid Rent Income Taxes Payable $ 20,000 30,000 160,000 7,000 50,000 0,000 18,000 1,000 $ 10,000 40,000 110,000 1,000 80,000 90,000 30,000 2,000