Problem 1 - Balance sheet computations. The following accounts appeared on the trail balance of Elbert Company at December 31, 2017 Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2025 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings Accounts Receivable Prepaid Insurance 34,200 Common Stock 281,400 Unappropriated Retained Earnings 170,250 Inventory 1,200,000 Land 17.800 Trading Securities 192,900 Interest Payable 138,000 Buildings 156,000 Accounts Payable Additional Paid-in Capital 294,000 Notes Payable (short-term) $518,400 Accumulated Depreciation - Bldg. 56,250 Supplies 1.125,000 318,000 1,480,250 475,000 73.200 5,700 1.926.000 409,950 163,800 $92,000 783,000 37.800 Instructions: Compute each of the following: 1. Total current assets 2. Total property, plant, and equipment 3. Total assets 4. Total current liabilities 5. Total stockholders' equity