4-1Balance sheet computations. (Balance Sheet) Presented below is the trial balance of Hightower Corporation at December 31, 2025

Debit Credit

Cash 295,000

Sales Revenue $12,150,000

Debt Investments (trading) (at cost, $218,000) 230,000

Cost of Goods Sold 7,200,000

Debt Investments (long-term) 448,000

Equity Investments (long-term) 416,000

Notes Payable (short-term) 135,000

Accounts Payable 682,000

Selling Expenses 3,000,000

Investment Revenue 95,000

Land 390,000

Buildings 1,560,000

Dividends Payable 204,000

Accrued Liabilities 144,000

Accounts Receivable 652,000

Accumulated DepreciationBuildings 228,000

Allowance for Doubtful Accounts 38,000

Administrative Expenses 1,350,000

Interest Expense 317,000

Inventory 895,000

Gain 120,000

Notes Payable (long-term) 1,350,000

Equipment 900,000

Bonds Payable 1,500,000

Accumulated DepreciationEquipment 90,000

Franchises 240,000

Common Stock ($5 par) 1,500,000

Treasury Stock 287,000

Patents 293,000

Retained Earnings 117,000

Paid-in Capital in Excess of Par 120,000

Totals $18,473,000 $18,473,000

Instructions Compute each of the following:

1. Total current assets

2. Total property, plant, and equipment

3. Total assets

4. Total liabilities

5. Total stockholders equity