The accountant at Monsters, Inc. unexpectedly quit on December 31, 2017, leaving everything behind. You managed to find the following information:

Accum. Depr. Building $15,000 Interest Payable 600

Accum. Depr. Equipment 10,000 Inventory $102,000

Accounts Receivable 2,000 Land 137,320

Allowance for Bad Debt 140 Notes Payable (due 7/1/16) 14,400

Bonds Payable (due 12/31/20) 78,000 Prepaid Advertising 5,000

Buildings 80,400 Retained Earnings ?

Cash 30,000 Salaries Payable 900

Common Stock 60,000 Taxes Payable 3,000

Equipment 40,000

1. Greg Rio, the owner of the firm, is concerned about the types of disclosures that the firm needs for its balance sheet items. Discuss the disclosures that the firm needs to make for:

- Inventories

- Accounts Receivable

- Property, Plant, and Equipment

- Bonds Payable

- Common Stock