The following is a December 31, 2024, post-closing trial balance for Almway Corporation.

Account Title	Debits	Credits
Cash	$ 55,000
Investment in equity securities	120,000
Accounts receivable	65,000
Inventory	205,000
Prepaid insurance (for the next 9 months)	7,000
Land	100,000
Buildings	425,000
Accumulated depreciationbuildings		$ 105,000
Equipment	115,000
Accumulated depreciationequipment		65,000
Patent (net)	15,000
Accounts payable		85,000
Notes payable		145,000
Interest payable		25,000
Bonds Payable		245,000
Common stock		315,000
Retained earnings		122,000
Totals	$ 1,107,000	$ 1,107,000

Additional information:

1. The investment in equity securities 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 restricted in a fund to pay bonds payable that mature in 2027 and $28,000 restricted in a three-month Treasury bill.
4. The notes payable account consists of the following:
5. a $35,000 note due in six months.
6. a $55,000 note due in six years.
7. a $55,000 note due in five annual installments of $11,000 each, with the next installment due February 15, 2025.
8. The $65,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8,000.
9. The common stock account represents 105,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 shares authorized.