Question 3 of 7 Current Attempt in Progress Presented below are selected accounts of Splish Company at December 3 1 , 2 0 2 5 The following additional information is available 1 Inventories are valued at lower of cost or market using LIFO 2 Equipment is recorded at cost Accumulated depreciation, computed on a straight line basis, is ( $ 4 6 , 7 4 8 ) 3 The short term investments have a fair value of ( $ 3 1 , 0 1 0 ) 4 The notes receivable are due April 3 0 , 2 0 2 7 , with interest receivable every April 3 0 The notes bear interest at 6 ( Hint Accrue interest due on December 3 1 , 2 0 2 5 ) 5 The allowance for doubtful accounts applies to the accounts receivable Accounts receivable of ( $ 4 5 , 1 0 0 ) are pledged as collateral on a bank loan 6 Licenses are recorded net of accumulated amortization of ( $ 1 3 , 0 8 0 ) 7 Treasury stock is recorded at cost SPLISH COMPANY Balance Sheet ( Partial ) $ Accumulated Depreciation Equipment Accounts Receivable Less ( vee ) Allowance for Doubtful Accounts Interest Receivable Finished Goods Work in Process Raw Materials Show all images Show all images Show all images done loading

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Question 3 of 7 Current Attempt in Progress Presented below are selected accounts of Splish Company at December 3 1 , 2 0 2 5   The following additional information is available  1   Inventories are valued at lower   of   cost   or   market using LIFO  2   Equipment is recorded at cost   Accumulated depreciation, computed on a straight   line basis, is   (   $ 4 6 , 7 4 8   )   3   The short   term investments have a fair value of   (   $ 3 1 , 0 1 0   )   4   The notes receivable are due April 3 0 , 2 0 2 7 , with interest receivable every April 3 0   The notes bear interest at 6       ( Hint  Accrue interest due on December 3 1 , 2 0 2 5   ) 5   The allowance for doubtful accounts applies to the accounts receivable  Accounts receivable of   (   $ 4 5 , 1 0 0   ) are pledged as collateral on a bank loan  6   Licenses are recorded net of accumulated amortization of   (   $ 1 3 , 0 8 0   )   7   Treasury stock is recorded at cost   SPLISH COMPANY Balance Sheet ( Partial )   $ Accumulated Depreciation   Equipment Accounts Receivable Less   (   vee   )   Allowance for Doubtful Accounts Interest Receivable Finished Goods Work   in   Process Raw Materials Show all images Show all images Show all images done loading

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Question: Question 3 of 7 Current Attempt in Progress Presented below are selected accounts of Splish Company at December 3 1 , 2 0 2 5

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