Problem 1-2: Johnson Company Financial DataAccountAmountCash$9000Investments (short-term)$4000Accounts receivable$13000Inventory$22000Notes receivable (long-term)$1000Equipment$48000Factory building$90000Intangibles$3000Accounts payable$15000Accrued liabilities payable$2000Notes payable (short-term)$7000Long-term notes payable$46000Contributed capital$90000Retained earnings$30000To complete this problem you may wish to use the Excel template provided in the resources.During the year 2013 Johnson Company had the following summarized activities:Using knowledge from prior courses work experience textbooks or Internet sources as well as the financial data provided above complete the following five items:
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