The adjusted trial balance of Sheffield Company and other related information for the year 2020 are presented as follows. SHEFFIELD COMPANY ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $ 43,960 Accounts Receivable 166,460 Allowance for Doubtful Accounts $ 9,160 Prepaid Insurance 6,360 Inventory 211,460 Equity Investments (long-term) 341,960 Land 87,960 Construction in Progress (building) 126,960 Patents 36,000 Equipment 402,960 Accumulated Depreciation-Equipment 240,460 Discount on Bonds Payable 20,000 Accounts Payable 150,960 Accrued Liabilities 52,160 Notes Payable Bonds Payable Common Stock 96,960 202,960 502,960 Paid-in Capital in Excess of Par-Common Stock 45,000 Retained Earnings 143,460 $1,444,080 $1,444,080