The December31, 2024 trial balance ($ in thousands) for Sargeant Corporation is presented below:
	Debits	Credits
Cash	24,000
Accounts receivable	33,000
Allowance for uncollectible accounts		9,000
Prepaid insurance	6,000
Inventory	115,000
Long-term investments	58,000
Land	48,000
Buildings	155,000
Accumulated depreciationbuildings		53,000
Equipment	137,000
Accumulated depreciationequipment		33,000
Patents (unamortized balance)	6,500
Accounts payable		39,000
Notes payable		68,000
Interest payable		11,500
Bonds payable, due 2041		135,000
Common stock (no par), 25,000 shares		187,500
authorized, issued, and outstanding
Retained earnings		46,500
Totals	582,500	582,500

Additional Information:
1) Notes Payable consists of the following notes:
- A $25,000 note due in 5 years.
- A $18,000 note due in 4 months.
- A $25,000 note due in 5 annual installments of $5,000; the next installment is due 2/20/2025.
2) The Land account includes unused land with a cost basis of $15,000 that is currently for sale.
3) The Cash account includes $7,000 of restricted funds to pay bonds payable that mature.