The following is a December 31, 2013, post-closing trial balance for Almway Corporation. (updated Balance Sheet) Account Title Debits Credits Cash 55,000 Investments 120,000 Accounts receivable 65,000 Inventories 205,000 Prepaid insurance 7,000 Land 100,000 Buildings 425,000 Accumulated depreciationbuildings 105,000 Equipment 115,000 Accumulated depreciationequipment 65,000 Patents (net of amortization) 15,000 Accounts payable 85,000 Notes payable 145,000 Interest payable 25,000 Bonds Payable 245,000 Common stock 315,000 Retained earnings 1222,000 Totals 1,107,000 1,107,000 Additional information: 1. The investment account includes an investment in common stock of another corporation of $35,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. 2. The land account includes land which cost $30,000 that the company has not used and is currently listed for sale. 3. The cash account includes $20,000 set aside in a fund to pay bonds payable that mature in 2016 and $28,000 set aside in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $35,000 note due in six months. b. a $55,000 note due in six years. c. a $55,000 note due in five annual installments of $11,000 each, with the next installment due February 15, 2014. 5. The $65,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8,000. 6. The common stock account represents 105,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 shares authorized.