The following is a December 31, 2024, post-closing trial balance for Almway Corporation. 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 Debits $ 83,000 148,000 79,000 219,000 9,000 128,000 439,000 129,000 29,000 Credits $ 119,000 79,000 113,000 187,000 39,000 259,000 357,000 110,000 $ 1,263,000 $1,263,000 Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $49,000 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 $44,000 that the company has not used and is currently listed for sale. 3. The cash account includes $34,000 restricted in a fund to pay bonds payable that mature in 2027 and $42,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following. a. a $49,000 note due in six months. b. a $69,000 note due in six years. c. a $69,000 note due in five annual installments of $13,800 each, with the next installment due February 15, 2025. 5. The $79,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $6,000. 6. The common stock account represents 119,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 shares authorized.

The following is a December 31,2024 , post-closing trial balance for Almway Corporation. Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $49,000 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 $44,000 that the company has not used and is currently listed for sale 3. The cash account includes $34,000 restricted in a fund to pay bonds payable that mature in 2027 and $42,000 restricted a three-month Treasury bill. 4. The notes payable account consists of the following a. a $49,000 note due in six months. b. a $69,000 note due in six years. c. a $69,000 note due in five annual installments of $13,800 each, with the next installment due February 15,2025 5. The $79,000 balance in accounts recelvable is net of an allowance for uncollectible accounts of $6,000 6. The common stock account represents 119,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 shares authorized