The following December 31, 2017, balance sheet for Chelsea Supply Company was prepared by the president's nephew, Noah Counting, who learned financial accounting from watching YouTube. Additional information: The Cash and Almost Cash amount includes $60,000 in cash; $40,000 in 90-day Treasury bills that mature on March 1, 2018; and $120,000 in investments in Apple stock that Chelsea intends to sell in 2018. The Notes amount represents a loan from First Bank due in 2019 and interest of $8,000 due on June 30, 2018. The property, plant, and equipment amount includes the costs of land, $800,000 and a building, $1, 400,000 less accumulated depreciation of $1, 200,000. Also included is a market value adjustment of $150,000 recorded on the building based on a real estate appraisal; the $150,000 was credited to "Adjustment to asset value." The prepaid revenue account includes amounts received from customers in advance for goods to be delivered in 2018. The 10-year bonds are payable in installments; $40,000 will be repaid in 2018