Current Attempt in Progress Presented below is the trial balance of Carla Corporation at December 31, 2020. Debit Credit Cash $ 199,490 Sales $ 8,103,530 Debt Investments (trading) (at cost, $145,000) 156,530 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 301,490 Equity Investments (long-term) 279,490 Notes Payable (short-term) 93,530 Accounts Payable 458,530 Selling Expenses 2,003,530 Investment Revenue 66, 610 Land 263,530 Buildings 1,042,490 Dividends Payable 138,490 Accrued Liabilities 99,530 Accounts Receivable 438,530 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 28,530 Administrative Expenses Interest Expense 903,610 214,610 599,490 Inventory Gain 83,610 902,490 Notes Payable (long-term) Equipment 603,530 Bonds Payable 1,002,490 Accumulated Depreciation Equipment 60,000 Franchises 160,000 Common Stock ($5 par) 1,003,530 Treasury Stock 194,530 195,000 Patents Retained Earnings 80,490 Paid-in Capital in Excess of Par 82,490 Totals $12,355,850 $12,355,850 CARLA CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity