The following items are taken from the financial statements of Oriole Company at December 31, 2022. Land $196,000 Accounts...

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Accounting

The following items are taken from the financial statements ofOriole Company at December 31, 2022.
Land $196,000
Accounts receivable 22,000
Supplies 11,000
Cash 11,800
Equipment 82,200
Buildings 261,000
Land improvements 46,400
Notes receivable (due in 2023) 5,700
Accumulated depreciation—land improvements 12,700
Common stock 71,500
Retained earnings (December 31, 2022) 505,000
Accumulated depreciation—buildings 34,400
Accounts payable 9,000
Mortgage payable 91,700
Accumulated depreciation—equipment 18,700
Interest payable 3,300
Income taxes payable 14,500
Patents 47,400
Investments in stock (long-term) 72,800
Debt investments (short-term) 4,500

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4.1 Ratings (471 Votes)

Oriole Company Balance Sheet For the Year Ended December 312022 Assets Current Assets Land 196000 Debt investments shortterm 4500 Supplies 11000 Cash 11800 Notes receivable 5700 Accounts See Answer

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Land			$196,000
Accounts receivable			22,000
Supplies			11,000
Cash			11,800
Equipment			82,200
Buildings			261,000
Land improvements			46,400
Notes receivable (due in 2023)			5,700
Accumulated depreciation—land improvements			12,700
Common stock			71,500
Retained earnings (December 31, 2022)			505,000
Accumulated depreciation—buildings			34,400
Accounts payable			9,000
Mortgage payable			91,700
Accumulated depreciation—equipment			18,700
Interest payable			3,300
Income taxes payable			14,500
Patents			47,400
Investments in stock (long-term)			72,800
Debt investments (short-term)			4,500