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Tungsten Company, Incorporated, sells heavy construction equipment. There are 15,000 shares of capital stock outstanding....

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Accounting

Tungsten Company, Incorporated, sells heavy construction equipment. There are 15,000 shares of capital stock outstanding. The annual fiscal period ends on December 31. The following condensed trial balance was taken from the general ledger on December 31, Current Year:
\table[[,Debit,Credit],[Cash,$34,400,],[Accounts receivable (net),16,300,],[Inventory, ending,53,500,],[Operational assets,41,800,],[Accumulated depreciation,,$18,500
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