The following balance sheet was prepared by the bookkeeper for Oriole Company as of December 31, 2020. Oriole Company Balance Sheet as of December 31, 2020 Cash $97.000 Accounts payable $86,000 Accounts receivable (net) 50,400 Bonds payable 100,000 Inventory 59.000 Stockholders' equity 238,200 Investments 74,800 Equipment (net) 109,000 Patents 34,000 $424,200 $424,200 The following additional information is provided: 1 2 Cash includes the cash surrender value of a life insurance policy $9,100, and a bank overdraft of $2,100 has been deducted. The net accounts receivable balance includes: (a) accounts receivable-debit balances $58,000; (b) accounts receivable-credit balances $3,600; (c) allowance for doubtful accounts $4,000. Inventory does not include goods costing $3,300 shipped out on consignment. Receivables of $3,300 were recorded on these goods. Investments include investments in common stock, trading $18,500 and available for sale $47,500, and franchises $8,800. Equipment costing $4,500 with accumulated depreciation $3,500 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $39.000. 3. 5. The following balance sheet was prepared by the bookkeeper for Oriole Company as of December 31, 2020. Oriole Company Balance Sheet as of December 31, 2020 Cash $97.000 Accounts payable $86,000 Accounts receivable (net) 50,400 Bonds payable 100,000 Inventory 59.000 Stockholders' equity 238,200 Investments 74,800 Equipment (net) 109,000 Patents 34,000 $424,200 $424,200 The following additional information is provided: 1 2 Cash includes the cash surrender value of a life insurance policy $9,100, and a bank overdraft of $2,100 has been deducted. The net accounts receivable balance includes: (a) accounts receivable-debit balances $58,000; (b) accounts receivable-credit balances $3,600; (c) allowance for doubtful accounts $4,000. Inventory does not include goods costing $3,300 shipped out on consignment. Receivables of $3,300 were recorded on these goods. Investments include investments in common stock, trading $18,500 and available for sale $47,500, and franchises $8,800. Equipment costing $4,500 with accumulated depreciation $3,500 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $39.000. 3. 5