14.28 points Exercise 3-6 (Algo) Balance sheet; Current versus long-term classification (LO3-2, 3-3) Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2021 Account Title Cash Accounts receivable $ eBook Rav materials Debits 38,000 166,000 Credits Notes receivable- 42,000 Hint Interest receivable 118,000 Interest payable 21,000 Print Investment in debt securities Land $ 23,000 50,000 Buildings 60,000 Finished goods References Accumulated depreciation-buildings Work in process 1,660,000 630,000 60,000 107,000 Equipment 336,000 Accumulated depreciation-equipment 145,000 Patent (net) 138,000 Prepaid rent (for the next two years) 76,000 Deferred revenue $4,000 Accounts payable 198,000 580,000 Notes payable Allowance for uncollectible accounts Restricted cash (for payment of notes payable) 98,000 31,000 1,160,000 Sales revenue 468,000 Cost of goods sold 46,000 Rent expense Mc Prev Next> Help