The following are the ending balances of accounts at December 31, 2024, for the Valley Pump Corporation. Account Title Cash Debits Credits Accounts receivable Inventory Interest payable $ 42,000 90,000 115,000 $27,000 Investment in equity securities Land Buildings 78,000 154,000 385,000 Accumulated depreciation-buildings 117,000 Equipment 109,000 Accumulated depreciation-equipment 42,000 Copyright (net) 29,000 Prepaid expenses (next 12 months) 49,000 Accounts payable 82,000 Deferred revenue (next 12 months) 37,000 Notes payable 335,000 Allowance for uncollectible accounts Common stock Retained earnings Totals 7,000 370,000 34,000 $ 1,051,000 $1,051,000