The following is a December 31, 2021, post-closing Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals $1 Additional information: 1. The investment in equity securities account includes a management intends to hold for at least three years. T 2. The land account includes land which cost $27,000 tha 3. The cash account includes $17,000 restricted in a fund month Treasury bill. 4. The notes payable account consists of the following: a. a $32,000 note due in six months. b. a $52,000 note due in six years. c. a $52,000 note due in five annual installments of $10 5. The $62,000 balance in accounts receivable is net of an The commental-Rintonra Ant 102 har The following balance sheet for the Hubbard Corporation $ HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders' Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventory Common stock (authorized and issued 117,000 shares of no par stock) Retained earnings Total liabilities and shareholders' equity $2 $ 5 $2, Additional information: 1. The buildings, land, and machinery are all stated at cost exce land originally cost $67,000 but, due to a significant increase was credited to retained earnings. 2. The investment in equity securities account consists of stocks be sold in the coming year. The remainder will be held indefir 3. Notes payable are all long term. However, a $270,000 note re 4. Inventory is recorded at current resale value. The original cost