The following is the ending balances of accounts at December 31, 2024, for the Vosburgh Electronics Corporation.

Account TitleDebitsCreditsCash$ 97,000 Short-term investments212,000 Accounts receivable153,000 Long-term investments50,000 Inventory230,000 Receivables from employees55,000 Prepaid expenses (for 2025)31,000 Land295,000 Building1,700,000 Equipment652,000 Patent (net)167,000 Franchise (net)55,000 Notes receivable325,000 Interest receivable27,000 Accumulated depreciationbuilding $ 635,000Accumulated depreciationequipment 225,000Accounts payable 204,000Dividends payable (payable on 1/16/2025) 25,000Interest payable 31,000Income taxes payable 55,000Deferred revenue 75,000Notes payable 330,000Allowance for uncollectible accounts 23,000Common stock 2,060,000Retained earnings 386,000Totals$ 4,049,000$ 4,049,000

Additional information:

1. The receivables from employees are due on June 30, 2025.
2. The notes receivable are due in installments of $65,000, payable on each September 30. Interest is payable annually.
3. Short-term investments consist of securities that the company plans to sell in 2025 and $65,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2025. Long-term investments consist of securities that the company does not plan to sell in the next year.
4. Deferred revenue represents payments from customers for extended service contracts. Eighty percent of these contracts expire in 2025, the remainder in 2026.
5. Notes payable consists of two notes, one for $115,000 due on January 15, 2026, and another for $215,000 due on June 30, 2027.