The following information is for Bridgeport Corporation as of December 31. 2017. The following additional information is available. 1. Inventories are valued at lower-of-cost-or-market using FIFO. 2. Treasury stock is recorded at cost. 3. Licenses are recorded net of accumulated amortization of $5,500. 4. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $38,050. 5. The equity irvestments have a fair value of $9,300. (Assume they are trading securities.) 6. The allowance for doubtful accounts applies to the accounts receivable. 7. The notes receivable are due in full on March 31,2019 , with interest receivable every April 30 . The notes bear interest at 6%. (Hint: Accrued interest due on December 31, 2017.)