1. cash includes $ 1,200 in a petty cash fund and $ 12,270 in a bond sinking fund. 2. the net accounts receivable balance is comprised of the following two items: (a) accounts receivable $ 46,410 and (b) allowance for doubtful accounts $ 3,500. 3. inventory costing $ 5,151 was shipped out on consignment on july 31, 2020. the ending inventory balance does not include the consigned goods. receivables in the amount of $ 5,151 were recognized on these consigned goods. 4. equipment had a cost of $ 114,410 and an accumulated depreciation balance of $ 30,410. 5. income taxes payable of $ 6,000 were accrued on july 31. splish company, however, had set up a cash fund to meet this obligation. this cash fund was not included in the cash balance but was offset against the income taxes payable amount.