Tempe Corporation's capital structure consists of 50,000 shares of common stock. The December 31, 2016 account balances are listed below (except as noted). All adjusting entries have been made except for the accrual of taxes (20% tax rate). Sales Purchase Discounts Purchases Loss on Discontinued Operations Selling Expenses Cash Accounts Receivable Common Stock Accumulated Depreciation Dividend Revenue Inventory, January 1, 2016 Unearned Service Revenue Accrued Interest Payable Land Patents Retained Earnings, January 1, 2016 Interest Expense General and Administrative Expenses Dividends Declared Allowance for Doubtful Accounts Notes Payable (maturity 7/1/20) Machinery and Equipment Office Supplies $1,421,000 21,000 693,000 95,000 134,000 64,000 93,000 250,000 176,000 9,500 142,000 7,500 1,700 463,000 60,000 310,000 11,500 145,000 32,000 5,800 187,000 468,000 5,000 46,000 158,000 Accounts Payable Inventory, December 31, 2016