On January $1,2024,$ the general ledger of Tripley Company included the following account balances:

$\backslash$table$[[$Accounts$,$Debit,Credit$],[$Cash$,130,000,],[$Accounts receivable,$50,000,],[$Allowance for uncollectible accounts,,$],[$Inventory$,31,000,16,000],[$Building$,121,000,],[$Accumulated depreciation,,$20,000],[$Land$,220,000,],[$Accounts payable,,$70,000],[$Notes payable $(8\%,$ due in $3$ years$),96,000,],[$Common stock,$110,000,],[$Retained earnings,,$240,000],[$Totals$,$$$552,000,$$$552,000$