The following is a December 31, 2024, post-closing trial balance for Almway Corporation. Account Title Cash Debits $ 63,000 Credits Investment in equity securities 128,000 Accounts receivable 69,000 Inventory 209,000 Prepaid insurance (for the next 9 months) 7,000 Land 108,000 Buildings 429,000 Equipment Accumulated depreciation-buildings Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock $ 109,000 119,000 69,000 19,000 94,000 157,000 29,000 249,000 Retained earnings Totals Additional information: 327,000 117,000 $ $ 1,151,000 1,151,000 1. The investment in equity securities account includes an investment in common stock of another corporation of $39,000 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 $34,000 that the company has not used and is currently listed for sale. 3. The cash account includes $24,000 restricted in a fund to pay bonds payable that mature in 2027 and $32,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $39,000 note due in six months. b. a $59,000 note due in six years. c. a $59,000 note due in five annual installments of $11,800 each, with the next installment due February 15, 2025. 5. The $69,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $6,000. 6. The common stock account represents 109,000 shares of no par value common stock issued and outstanding. The corporation Assessment Tool IFrame Current assets: Cash Investment in equity securities ALMWAY CORPORATION Balance Sheet At December 31, 2024 Assets Accounts receivable 69,000 Allowance for uncollectible accounts (6,000) Net accounts receivable Inventory Prepaid insurance $ 39,000 89,000 63,000 209,000 7,000