Tall Tree Corporation is a private corporation using ASPE. At December 31, 2020, an analysis of the accounts and discussions with company officials included the following account balances and other information: Accounts receivable.. Accrued interest payable.... Dividend revenue. Sales.......... $ 102,000 1,000 9,000 600,000 Purchase discounts 9,000 Purchases 360,000 Accounts payable. 30,000 Loss from fire (net of $7,000 tax). 21,000 Selling expenses..... 64,000 Common shares (20,000 issued; no change during 2020).. 200,000 Accumulated depreciation. 90,000 Long-term note payable (due Oct 1, 2024). 100,000 Inventory, Jan 1, 2020..... 76,000 Inventory, Dec 31, 2020 Supplies inventory Unearned service revenue. Land Cash Franchise. Datainad 62,500 40,000 3,000 370,000 60,000 100,000