Problem 1- Balance sheet computations The following accounts appeared on the trail balance of Elbert Company at December 31, 2017 Notes Payable (short-term) Accumulated Depreciation Bldg Supplies $192,000 Accounts Receivable 783,000 Prepaid Insurance $518,400 56,250 37,800 34,200 Common Stock alaries 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 1,125,000 281,400 Unappropriated Retained Earnings 318,000 1,580,250 465,000 73,200 170,250 Inventory 1,200,000 Land 7,800 Trading Securities 192,900Interest Payable 138,000 156,000 750,000 294,000 5,700 1,926,000 409,950 163,800 Buildings Accounts Payable Additional Paid-in Capital 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