The trial balance of Martinez Ltd. at December 31, 2023, follows: Cash Sales revenue Debits Credits...

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The trial balance of Martinez Ltd. at December 31, 2023, follows: Cash Sales revenue Debits Credits $345,000 $11,434,000 FV-NI investments (at fair value) Cost of goods sold Bond investment at amortized cost 293,000 6,100,000 339,000 FV-OCI investments (fair value $505,000) 434,000 Notes payable (due in six months) 118,000 Accounts payable 735,000 Selling expenses 3,860,000 Investment income or loss* 14,000 Land 390,000 Buildings 2,940,000 Dividends payable 56,000 Income tax payable 113,000 Accounts receivable 675,000 Accumulated depreciation-buildings Allowance for expected credit losses. 252,000 28.000 The trial balance of Martinez Ltd. at December 31, 2023, follows: Cash Sales revenue Debits Credits $345,000 $11,434,000 FV-NI investments (at fair value) Cost of goods sold Bond investment at amortized cost 293,000 6,100,000 339,000 FV-OCI investments (fair value $505,000) 434,000 Notes payable (due in six months) 118,000 Accounts payable 735,000 Selling expenses 3,860,000 Investment income or loss* 14,000 Land 390,000 Buildings 2,940,000 Dividends payable 56,000 Income tax payable 113,000 Accounts receivable 675,000 Accumulated depreciation-buildings Allowance for expected credit losses. 252,000 28.000

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