The tollowing is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation Cash Short-term investnent.s Accounts receivable Long-tern investments Inventories Loans to employees Prepaid expenses (for 2019) Land Building Machinery and equipment Patent Franchise Note receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipaent Accounts payable Dividends payable (payable on 1/16/19) Interest payable Taxes payable Deferred revenue Notes payable A1lowance for uncollectible accounts Common stock Retained earnings Totals 71,000 186, D00 127, 000 37,000 217,000 42,000 18,000 282, 000 1,570,000 639, 000 154,000 42,000 260,000 14,000 622,000 212,000 191,000 12,000 18,000 42,000 62, 000 304, 000 10.000 2,008, 000 178-000 3,659,000 3,659,000 Additional information: 1. The common stock represents 1.2 million shares of no par stock authorized, 520,000 shares issued and outstanding. 2. The loans to employees are due on June 30, 2019 3. The note receivable is due in installments of $52,000, payable on each September 30. Interest is payable annually 4. Short-term investments consist of marketable equity securities that the company plans to sell in 2019 and $52,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2019. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year Deferred revenue represents customer payments for extended service contracts. Eighty percent of these contracts expire in 2019, the remainder in 2020. 5. 6. Notes payable consists of two notes, one for $102,000 due on January 15, 2020, and another for $202,000 due on June 30, 2021 Answer is complete but not entirely correct. VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2018 Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable (net) Prepaid expenses Loans to employees Interest receivable Note receivable current portion Inventories 71,000 186,000 27,000 8,000 42,000 4,000 52,000 217,000 727,000 Total current assets Investments s 37,000 208,000 Marketable securities Note receivable Total investments 245,000 Property, plant, and equipment 282.0000 | 1,570,0000 Buildings Machinery and equipment 639,000 2,491,000 Less: Accumulated depreciation-buildings (622.000) Less: Accumulated depreciation-equipment (212.000) Net property, plant, and equipment 1,657,000 Intangible assets