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The following account balances were taken from the accounting records of Tyson Company for the year ended December 31, 2023: Interest revenue $36,000 Accounts
The following account balances were taken from the accounting records of Tyson Company for the year ended December 31, 2023: Interest revenue $36,000 Accounts payable $48,000 Retained earnings $69,000 (at Jan. 1, 2023) Supplies $15,000 Dividends $26,000 Salaries expense... $31,000 Trademark ? $43,000 Cost of goods sold Accounts receivable Salaries payable Common stock $52,000 $16,000 ? Land $29,000 Cash $18,000 Sales revenue $95,000 Equipment $54,000 Income tax expense $22,000 ? $86,000 Inventory Notes payable Additional information 1. Total current assets at December 31, 2023 were equal to $154,000. 2. Total equity at December 31, 2023 is equal to 90% of total liabilities at December 31, 2023. Calculate the balance in the trademark account at December 31, 2023.
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