The adjusted trial balance of Concord Company for the year ended December 31, 2020, is as follows. Credit Debit $ 6,400 3,800 1,800 5,500 25,000 13,200 35,000 10,500 Cash Accounts Receivable Note Receivable (due February 20, 2021) Inventory Timberland Land Equipment Patents Accumulated Depletion Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Notes Payable (due January 15, 2021) Accounts Payable Owner's Capital Sales Revenue Interest Revenue Cost of Goods Sold Salaries and Wages Expense Depreciation Expense Amortization Expense Research and Development Expense Bad Debt Expense License Expense Interest Expense Loss on Disposal of Plant Assets Total $ 3,700 900 9,600 5,900 3,100 69,500 53,500 500 23,700 12,300 3,200 1,700 1,200 300 300 700 2,100 $146,700 $146,700 Concord Company Balance Sheet December 31, 2020 Assets Current Assets Cash $ Accounts receivable $ 3,800 Less : Allowance for Doubtful Accounts 900 Notes Receivable Inventory Total Assets Property, Plant, and Equipment Equipment Accumulated Depreciation-Equipment 9,600 Less Accumulated Depletion 9,600 Land Less Accumulated Depreciation-Buildings Property, plant, and Equipment Total Property, Plant, and Equipment Accumulated Depreciation-Equipment Total Assets Liabilities and Owner's Equity Concord Company Balance Sheet December 31, 2020 Assets $ 6,400 $ 3,800 900 2900 1,800 5,500 $ 16600 35,000 9,600 9,600 Liabilities and Owner's Equity $