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  3. additional information. 1. cash includes a $31,000

Additional Information. 1. Cash includes a $31,000 restricted amount to be used for repayment of...

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Accounting

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Additional Information. 1. Cash includes a $31,000 restricted amount to be used for repayment of the bonds payable in 2028 2. The cost of the machinery is $212,000. 3. Accounts receivable includes a $31,000 notes receivable from a customer due in 2027. 4. The notes payable balance includes accrued interest of \$16,000. Principal and interest are both due on February 1,2025 5. The company began operations in 2019. Net income less dividends since inception of the company totals $46,000 6. 61,000 shares of no par common stock were issued in 2019,100,000 sharestore authorized. LOS GATOS CORPORATION Batance Sheet At December 31, 2024 Assets Current assets: Net accounts receivable Total current assets Investments: Net property, plant, and equipment Intangible assets

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