The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Account Title Cash Accounts receivable Inventory Debits Credits $ 29,000 64,000 89,000 Interest payable $ 14,000 Investment in equity securities Land 52,000 128,000 Buildings 320,000 Accumulated depreciation-buildings 104,000 Equipment 83,000 Accumulated depreciation-equipment 29,000 Copyright (net) 16,000 Prepaid expenses (next 12 months) 36,000 Accounts payable 69,000 Deferred revenue (next 12 months) 24,000 Notes payable Allowance for uncollectible accounts: Common stock Retained earnings Totals 270,000 9,000 240,000 58,000 5817,000 $817,000 Additional Information: 1. The $128,000 balance in the land account consists of $104.000 for the cost of land where the plant and office buildings are located. The remaining $24,000 represents the cost of land being held for speculation. 2. The $52,000 balance in the investment in equity securities account represents an investment in the common stock of another corporation. Valley Intends to sell one-half of the stock within the next year. 3. The notes payable account consists of a $108,000 note due in six months and a $162.000 note due in three annual installments of $54,000 each, with the first payment due In August of 2022