Lucshin, Inc., has the following selected account titles and balances in its general
January 1st, 2018
Lucshin, Inc., has the following selected account titles and balances in its general ledger on December 31, 19X4:Accounts Payable$ 13,000Cash$ 10,000Plant Building120,000Goodwill4,000Sinking Fund14,000Accou nts Receivable18,000Retained EarningsJJ3,000Treasury Stock (at cost)(30,000)Note Payable (short-term)32,000Land (plant)84,000Sales85,000Machinery22,000Merchandise Inventory17,000Copyright9,000Equ ipment48,000Bond Payable50,000Pension Fund24,000Common Stock120,000Paid-in Capital in Excess of Par60,000Note Payable (long-term)12,000