The following is a December 31, 2016, post-closing trial balance for Culver City Lighting, Inc. Account Title Cash Accounts receivable Inventories Prepaid insurance Equipment Accumulated depreciation-equipment Patent, net Accounts payable Interest payable Note payable (due in 10, equal annual installments) Common stock Retained earnings Debits Credits 63,000 47,000 53,000 23,000 110,000 42,000 48,000 16,000 6,000 140,000 78,000 62,000 Totals 344,000 344,000