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Postclosing trlal balance data and other financial data for The KatieB Company as of December 31, 2019 and 2018, follow. THE KATIEB COMPANY Postclosing Trial Balance December a1, 2019 and 2018 2019 2018 Credit redit- Debit 80,060 85,100 64, 650 1,920 22,000 97,000 hecount Name Cash Accounts Receivable (Net) Merchandise Inventory Prepaid Expenses Land Plant and Equipment hecumulated Depreeiation-Plant and Equipment Intangble hesets Notes Payable-Short Term Debit 83, 620 89,700 61,850 2,340 39, 000 149, 000 14, 900 9,700 a, 600 4, 200 4,200 23,950 2, 860 1,900 128,000 32, 000 42,000 179,300 6,400 28,150 2, 580 3,800 1a3, 000 Accounts Payable Payroll Taxes Payable Income Taxes Payable Mortgage Payable, 2026 7% Bonds Payable, 2021 Common Stock $1 par 32,000 139, 300 Tovals $429,110 $429,110 $a54, 930 354,9a0 Additional Information for the year follows a. Sold common stock for $10,000 In cash. b. Had net Income of $47,000 after Income taxes c. Sold bonds payable for $32,000 cash at par value. d. Completed a major addition to the plant and equipment for $52,000 In cash e. Bought additional land for $17,000 In cash. f. Pald common stock dividends of $7,000 In cash. g. Amortized Intangible assets for $600 h. The short-term note payable resulted from operating activities, not borrowing or financing activities

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