The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company. Account Title Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation Investments Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Additional information: $ Debits 95,000 Credits 190,000 300,000 178,000 350,000 $ 125,000 170,000 75,000 35,000 95,000 45,000 275,000 31,000 415,000 187,000 $1,283,000 $1,283,000 1. Prepaid expenses include $150,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility. 2. Investments include $45,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $125,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: a. a $55,000 note due in six months. b. a $136,000 note due in six years. c. a $84,000 note due in three annual installments of $28,000 each, with the next installment due August 31, 2022. 5. The common stock account represents 415,000 shares of no par value common stock issued and outstanding. The corporation has 830,000 shares authorized.