P1 - REVIEW(EQUITY,FS,CASH&REC)

Problem

1. Duazo Company reported in the income statement for 2021 1,100,000 of wages expense. The previous year's
statement of financial position reported 100,000 of wages payable. An analysis of the payroll records showed wage
payments during the year of 950,000. The previous year's adjusting entry for unpaid wages was reversed on
January 1, 2021. What is the amount of the adjusting entry for the accrued wages payable on December 31, 2021?
a. 250,000
b. 400,000
c. 150,000
d. 850,000

2. Presented below are changes in all the account balances of Camadillo Company for the current year, except for
retained earnings.
Increase
(Decrease)
Cash 790,000
Accounts receivable, net 240,000
Inventory 1,270,000
Investments (470,000)
Accounts payable (380,000)
Bonds payable 820,000
Share capital 1,250,000
Share premium 130,000

There were no entries in the retained earnings account except for net income and a dividend declaration of
P190,000 which was paid in the current year. What was the net income for the current year?
a. 1,200,000
b. 1,190,000
c. 200,000
d. 10,000

3. On September 1, DY COMPANY assigns specific receivables totaling P750,000 to Davao Bank as collateral on a
P625,000, 12% note. DY COMPANY will continue to collect the assigned accounts receivable. Davao Bank also
assesses a 2% service charge on the total accounts receivable assigned. DY COMPANY is to make monthly
payments to Davao Bank with cash collected on assigned accounts receivable. Collections of assigned accounts
during September totaled P260,000 less cash discounts of P3,500.

1. What were the proceeds from the assignment of DY COMPANYs’ accounts receivable on September 1?
a. P 610,000 b. P 612,500 c. P 625,000 d. P 735,000

2. What amount is owed to Davao Bank by DY COMPANY for September collections plus accrued interest on the
note to September 30?
a. P 260,000 b. P 262,750 c. P 264,000 d. P 266,250

4. On January 1, 2019, Run Company sold a land and as consideration the entity received a 2,000,000 cash and a
5,000,000 non-interest bearing note due on January 1, 2022. There was no established exchange price for land and
the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2019 was 10%.
The present value of 1 at 10% for three period is 0.75.
 What amount of interest revenue should be included in the 2019 income statement?
A. 2,050,000
B. 375,000
C. 1,350,000
D. 1,200,000

5. Trisia Co.’s unadjusted current assets section and stockholders’ equity section of its December 31, 2019 balance
sheet are as follows:

Current Assets
Cash P60,000
Investments in trading securities (including
P300,000 of Trisia Co. common stock) 400,000
Trade accounts receivable 340,000
Inventories 148,000
Total P948,000
Stockholders’ Equity
Common Stock P2,224,000
Retained Earnings(deficit) (224,000)
Total P2,000,000
The investments and inventories are reported at their costs, which approximate market values.
In its 2019 statement of stockholders’ equity, Trisia Co.’s total amount of equity at December 31, 2019 is
a.P2,224,000
b.P2,000,000
c.P1,924,000
d.P1,700,000

6. On January 1, 2020, Oak Company granted stock options to certain key employees as additional compensation.
The options were for 100,000 shares of Oak's P2 par value common stock at an option price of P15 per share.
Market price of stock on January 1, 2020, was P20 per share. The fair value of each stock option on January 1,
2020 is P8. The options were exercisable beginning January 1, 2020 and expire on December 31, 2021. On April
1, 2020, when Oak's stock was trading at P21 per share, all the options were exercised.

What amount of compensation should Oak report in 2020 in connection with the options?
a. 800,000
b. 500,000
c. 250,000
d. 400,000

7. Everwood Co. issues 10,000 shares of £10 par value convertible preference shares for £12 cash per share. Each
share is convertible into 4 ordinary shares. On this date the £1 par value ordinary shares are selling for £3 per
share. Approximately 2 years later, Everwood’s shareholders convert their preference shares into ordinary
shares. On the date of conversion the preference shares are selling for £16 and the ordinary shares are selling
for £5 per share. The journal entry on the date of issuance will include which of the following?
a. Credit Share Capital—Preference £20,000.
b. Credit Share Premium—Ordinary £20,000.
c. Credit Share Capital—Preference £100,000.
d. Debit Share Premium—Ordinary £20,000.

8. Mill Company reported the following account balances on December 31, 2020:
 Accounts payable 1,500,000
Bonds payable, due 2021 2,500,000
Discount on bonds payable 300,000
Dividend payable 800,000
Note payable, due 2022 2,000,000

What total amount should be reported as current liabilities?

a. 4,500,000
b. 5,100,000
c. 6,500,000
d. 7,800,000

9. Henson company had determined the 2019 and 2020 net income to be 4,000,000 and 5,000,000 respectively.
In a first time audit of the financial statements, the following errors are discovered:
Merchandise inventory was incorrectly determined- 50,000 overstatement for 2019 and 150,000
overstatement for 2020

Revenues received in advance in 2019 of 300,000 was credited to be a revenue account when received.

Of the total 50,000 was earned in 2019, 200,000 was earned an 2020 and the remainder will be earned in 2021.
400,000 gain on sale of plant asset in 2020 was erroneously credited to retained earnings.

What is the corrected net income for 2020?

a. 5,500,000
b.5,450,000
c.5,400,000
d.5,550,000

10. Hiro Corp. issues 1,000 €5 par value ordinary shares and 1,000 €20 par value preference shares for a lump sum of
€60,000. At the issue date, the ordinary shares were selling for €36 and the preference shares were selling for €28.
The Share Premium—Ordinary account will be credited for
a. €31,000
b. €36,000
c. €26,250
d. €28,750

11. Selected information from Dinkel Company's 2021 accounting records is as follows:
Proceeds from issuance of ordinary shares $ 400,000
Proceeds from issuance of bonds 1,200,000
Cash dividends on ordinary shares paid 160,000
Cash dividends on preference shares paid 60,000
Purchase of treasury shares 120,000
Sale of ordinary shares to officers and employees not included above 100,000
Dinkel's statement of cash flows for the year ended December 31, 2021, would show net cash provided (used) by
financing activities of
a. $60,000.
b. $(220,000).
c. $160,000.
d. $1,360,000.
12. The board of directors of Akiko Corp. declared cash dividends of ¥265,000 during the current year. If dividends
payable was ¥83,000 at the beginning of the year and ¥77,000 at the end of the year, how much cash was paid in
dividends during the year?
a. ¥425,000
b. ¥271,000
c. ¥259,000
d. ¥265,000

13. Tara Company owns an office building and leases the offices under a variety of rental agreements involving rent
paid in advance monthly or annually. Not all tenants make timely payments of their rent. Tara’s balance sheet
contained the following data:
2019 2020
Rentals receivable 960,000 1,240,000
Unearned rentals 3,200,000 2,400,000
During 2020, Tara received P8,000,000 cash from tenants.
What amount of rental revenue should Tara record for 2020?
a. 9,080,000
b. 8,520,000
c. 7,480,000
d. 6,920,000

14. On June 30, 2020, Seagull Company granted compensatory stock options for 30,000 shares of its P20 par value
common stock to certain of its key employees. The market price of the common stock on that date was P36 per
share and the option price was P30. The Black-Scholes option pricing model determines total compensation
expense to be P360,000. The options are exercisable beginning January 1, 2023, provided those key employees
are still in Seagull’s employ at the time the options are exercised. The options expire on June 30, 2024.

On January 4, 2023, when the market price of the stock was P42 per share, all 30,000 exercised. What should be
the amount of compensation expense recorded by Seagull Corporation for the calendar year 2022 using the fair
value method?
a. P0.
b. P144,000.
c. P180,000.
d. P360,000.

15. During 2021, equipment was sold for $156,000. The equipment cost $252,000 and had a book value of $144,000.
Accumulated Depreciation—Equipment was $687,000 at 12/31/2020 and $735,000 at 12/31/2021. Depreciation
expense for 2021 was
a. $60,000.
b. $96,000.
c. $156,000.
d. $192,000.

16. On January 1, 2019, the statement of financial position of Ray Company showed total assets of P5,000,000, total
liabilities of P2,000,000 and contributed capital of P2,000,000. During the current year, the corporation issued
share capital of P500,000 par value at a premium of P300,000. Dividend of P250,000 was paid on December 31,
2019. The statement of financial position on December 31, 2019 showed total assets of P7,500,000 and total
liabilities of P3,200,000. What was the net income for the current year?
a. 1,750,000
b. 1,000,000
 c. 750,000
d. 500,000

17. Clay Company borrows money under various loan agreements involving notes discounted and notes requiring
interest payments at maturity. During the year ended December 31, 2020, Clay paid interest totaling P100,000.
Clay’s December 31 balance sheets included the following information:
2019 2020
Prepaid interest 23,500 18,000
Interest payable 45,000 53,500
How much interest expense should Clay report for 2020?
a. 86,000
b. 97,000
c. 103,000
d. 114,000

18. On January 31, 2020 Awtsuu Company received its bank statement. However, the balance of the account is not
included for some error occurred while printing the statement. The following data are available in preparing the
bank reconciliation.

December 31, 2019 book balance 2,000,000

Note collected by the bank 250,000
Interest earned 80,000
NSF check of a customer 40,000
Bank service charge 10,000
Outstanding checks 120,000
Deposit of cash placed in night depository 70,000
Check issued by Crema Company charged to Awtsuu Company 30,000

What is the cash balance per bank statement?

a.)2,280,000 c.)2,230,009
b.)2,300,000 d.)2,260,000

19. At December 31, 2020 and 2019, Gow Company had 100,000 shares of common stock and 10,000 shares of 5%,
P100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or
common stock in 2020 or 2019. Net income for 2020 was P1,000,000.

For 2020, basic earnings per share amounted to

a. 10.00
b. 9.50
c. 9.00
d. 5.00

20. Gar Company reported the following account balances on December 31, 2020:

Accounts payable 1,900,000

Bonds payable 3,400,000
Premium on bonds payable 200,000
 Deferred tax liability 400,000
Dividend payable 500,000
Income tax payable 900,000
Note payable, due January 31, 2021 600,000

On December 31, 2020, What total amount should be reported as current liabilities?
a. 7,100,000
b. 4,300,000
c. 3,900,000
d. 4,100,000

21. On January 1, 2020, Morey Company granted Dean, its president, 20,000 stock appreciation rights for past
services. These rights are exercisable immediately and expire on January 1, 2022. On exercise, Dean is entitled
to receive cash for the excess of the stock's market price on the exercise date over the market price on the grant
date. Dean did not exercise any of the rights during 2020. The market price of Morey's stock was P30 on
January 1, 2020 and P45 on December 31, 2020. As a result of the stock appreciation rights,
Morey should recognize compensation expense for 2020 of
a. 0
b. 100,000
c. 300,000
d. 600,000

22. For the year ended December 31, 2020, Transformers Inc. reported the following:
Net income $ 60,000
Preference dividends declared 10,000
Ordinary share dividends declared 2,000
Unrealized holding loss, net of tax 1,000
Retained earnings, beginning balance 80,000
Share capital – Ordinary 40,000
Accumulated Other Comprehensive Income,
Beginning Balance 5,000
What would Transformers report as total stockholders' equity?
a. $172,000
b. $168,000
c. $128,000
d. $120,000

23. Got7 Bank granted a 10-year loan to More Company in the amount of P1,500,000 with a stated interest rate of 6%.
Payments are due monthly and are computed to be P16,650. Got7 Bank incurred P40,000 of direct loan origination
cost and P20,000 of indirect loan origination cost. In addition, Got7 Bank charged More Company a 4-point non-
refundable loan origination fee.

i. What is the initial carrying amount of the loan receivable on the part of Got7 Bank?
a. 1,520,000
b. 1,500,000
c. 1,480,000
d. 1,580,000

ii. What is the initial carrying amount of the loan payable on the part of More Company?
 a. 1,520,000
b. 1,500,000
c. 1,480,000
d. 1,440,000

24. Reid Company, which began operations on January 1, 2019, has elected to use cash basis accounting for tax
purposes and accrual basis accounting for its financial statements. Reid reported sales of P1,750,000 and P800,000
in its tax returns for the years ended December 31, 2020 and 2019, respectively. Reid reported accounts receivable
of P300,000 and P500,000 in its balance sheets as of December 31, 2020 and 2019, respectively.

What amount should Reid report as sales in its income statement for the year ended December 31, 2020?
a. 1,450,000
b. 1,550,000
c. 1,950,000
d. 2,050,000

25. The accounts shown below appear in the December 31, 2019 trial balance of Hollow Corporation:

Preference share, authorized, P50 par P10,000,000

Unissued preference share 3,600,000
Ordinary share, authorized, P20 par 4,000,000
Unissued ordinary share 2,000,000
Subscription receivable, preference share 380,000
Subscription receivable, ordinary share 360,000
Subscribed preference share 600,000
Subscribed ordinary share 440,000
Treasury share, preference at cost 1,360,000
Share premium 1,700,000
Accumulated profits and losses 2,000,000

All subscription receivables are due in year 2020.

How much is the total shareholder’s equity of Hollow Corporation?
a. 11,040,000
b. 11,780,000
c. 12,400,000
d. 13,760,000

26. Use the following information:

Gross profit £7,800,000
Loss on sale of investments 20,000
Interest expense 15,000
Gain on sale of discontinued operations 60,000
Income tax rate 20%

Compute the amount of income tax applicable to continuing operations.

a. £1,553,000
b. £1,640,000
c. £1,569,000
d. £1,568,000
27. Eros Company kept its records on a cash basis. At the end of 2020, the accountant prepared the following cash
basis income statement.

Revenue 1,910,000
Expenses 809,000
Net income 1,101,000
In preparing the income statement, the following amounts of accrued, prepaid and unearned items
were ignored at the end of 2019 and 2020:
2019 2020
Accrued revenue 91,000 73,000
Unearned revenue 66,000 108,000
Accrued expenses 49,000 65,000
Prepaid expenses 46,000 56,000

The net income on the accrual basis for 2020 should be

a. 1,035,000
b. 1,051,000
c. 1,201,000
d. 1,135,000

28. Dunn Company had 200,000 shares of P20 par common stock and 20,000 shares of P100 par, 6% cumulative,
convertible preferred stock outstanding for the entire year ended December 31, 2020. Each share of preferred
stock is convertible into 5 shares of common stock. Dunn’s net income for 2020 was P840,000.
For the year ended December 31, 2020, the diluted earnings per share should be
a. 2.40
b. 2.80
c. 3.60
d. 4.20

29. Moorman Corporation reports the following information:

Correction of understatement of depreciation expense
in prior years, net of tax $ 430,000
Dividends declared 320,000
Net income 1,000,000
Retained earnings, 1/1/2020, as reported 2,000,000
Moorman should report retained earnings, December 31, 2020, of
a. $1,570,000.
b. $2,250,000.
c. $2,680,000.
d. $3,110,000.

30. Gumamela Company provided the following data at year-end:

Accounts payable, including cost of goods

Received on consignment of P150,000 1,350,000
Accrued taxes payable 125,000
Customers’s deposit 100,000
Manila Company as guarantor 200,000
Bank overdraft 55,000
Accrued electric and power bills 60,000
 Reserve for contingencies 150,000

What total amount should be reported as current liabilities?

a. 1,840,000
b. 1,740,000
c. 1,650,000
d. 1,540,000

31. Kensington Industries reported net income of £50,000 in 2022. Depreciation expense was £19,000.
The following working capital accounts changed:
Accounting receivable £11,000 increase
Non-trading equity investment 16,000 increase
Inventory 7,300 increase
Non-trade note payable 15,000 increase
Accounts payable 12,200 increase
If Kensington uses IFRS reporting and the indirect method, what amount is their adjustments to reconcile net
income to net cash provided by or (used in) operating activities?
a. £3,100
b. £49.500
c. £12,900
d. £10,500

32. An analysis of the records of Isla Company disclosed changes in account balances for 2020 and the supplementary
data listed below.

Cash 480,000 decrease

Accounts receivable 300,000 increase
Merchandise inventory 3,100,000 increase
Accounts payable 420,000 increase

During the year, Isla borrowed P4,000,000 in notes from the bank and paid off notes of P3,000,000
and interest of P240,000. Interest of P100,000 is accrued on December 31, 2020. There was no
interest payable at the end of 2019. In 2020, Isla transferred certain trading securities to the business
and these were sold for P1,500,000 to finance purchase of merchandise. Isla made weekly
withdrawals in 2020 of P10,000.

What was the net income for 2020?

a. 1,520,000
b. 1,920,000
c. 1,400,000
d. 420,000

33. Ute Company had the following capital structure during 2019 and 2020:
Preferred stock, P10 par, 4% cumulative, 25,000 shares issued and outstanding
250,000
Common stock, P5par, 200,000 shares issued and outstanding 1,000,000

Ute reported net income of P500,000 for the year ended December 31, 2020. Ute paid no preferred dividends
during 2019 and paid P16,000 in preferred dividends during 2020. In its 2020 income statement,

What amount should Ute report as basic earnings per share?

 a. 2.42
b. 2.45
c. 2.48
d. 2.50

34. Janae Corporation has outstanding 10,000 shares of £10 par value ordinary shares and retained earnings of
£500,000. If Janae declares a 2-for-1 share split when the fair value of the shares is £85 per share, the entry
includes:
a. A debit to Retained Earnings for £10,000.
b. A credit to Share Premium—Ordinary for £75,000.
c. A debit to cash for £85,000.
d. No entry is required for a share split.

35. Lindsay Corporation had net income for 2021 of $3,000,000. Additional information is as follows:
Depreciation of plant assets $1,200,000
Amortization of intangibles 240,000
Increase in accounts receivable 420,000
Increase in accounts payable 540,000
Lindsay's net cash provided by operating activities for 2021 was
a. $4,560,000.
b. $4,440,000.
c. $4,320,000.
d. $1,680,000.

36. Korte Company reported the following information for 2020:

Sales revenue $500,000
Cost of goods sold 350,000
Operating expenses 55,000
Unrealized holding gain on available-for-sale securities 20,000
Cash dividends received on the securities 2,000
For 2020, Korte would report comprehensive income of
a. $117,000.
b. $115,000.
c. $97,000.
d. $20,000.

37. Rice Company’s salaried employees are paid biweekly. Advances made to employees are paid back by payroll
deductions. Information relating to salaries follows:
12/31/2019 12/31/2020
Employee advances 240,000 360,000
Accrued salaries payable 400,000 ?
Salaries expense during the year 4,200,000
Salaries paid during the year (gross) 3,900,000
In Rice’s December 31, 2020 balance sheet, accrued salaries payable was
a. 940,000
b. 820,000
c. 700,000
d. 300,000
38. On December 31, 2019, SUNSHINE Bank has a 5-year loan receivable with a face value of P5,000,000 dated
January 1, 2018 that is due on December 31, 2022. Interest on the loan is payable at 9% every December 31.

The borrower paid the interest that was due on December 31, 2018 but informed the bank that interest
accrued in 2019 will be paid at maturity date. There is a high probability that the remaining interest payments will
not be paid because of financial difficulty.

The prevailing market rate of interest on December 31, 2019 is 10%. The PV of 1 for three periods is .772
at 9%, and .751 at 10%.

What is the loan impairment loss to be recognized on December 31, 2019?

a. 1,695,000
b. 1,590,000
c. 1,242,600
d. 1,357,050

39. Rand Company had 20,000 shares of common stock outstanding at January 1, 2020. On May 1, 2020, it issued
10,500 shares of common stock. Outstanding all year were 10,000 shares of nonconvertible preferred stock on
which a dividend of P40 per share was paid in December 2020. Net income for 2020 was P967,000.

Rand’s basic earnings per share for 2020 should be

a. 18.60
b. 21.00
c. 28.40
d. 35.80

40. Horton Co. was organized on January 2, 2022, with 500,000 authorized shares of 10 par value ordinary shares.
During 2022, Horton had the following capital transactions:
January 5—issued 375,000 shares at 14 per share.
July 27—purchased 25,000 shares at 11 per share.
November 25—sold 15,000 shares of treasury shares at 13 per share.
Horton used the cost method to record the purchase of the treasury shares. What would be the balance in the
Share Premium—Treasury account at December 31, 2022?
a. 0.
b. 15,000.
c. 30,000.
d. 45,000.

41. The following information on selected cash transactions for 2021 has been provided by Mancuso Company:
Proceeds from sale of land $160,000
Proceeds from long-term borrowings 400,000
Purchases of plant assets 144,000
Purchases of inventories 680,000
Proceeds from sale of Mancuso ordinary shares 240,000
What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the
above information?
a. $16,000
b. $256,000.
 c. $160,000.
d. $800,000.

42. Gracia Company reported the following current assets at year-end:

Cash including sinking fund of P500,000 with trustees 1,500,000

Accounts receivable 2,500,000
Inventory, including P200,000 cost of goods in transit
Purchased FOB point of destination 2,000,000
Advances to officers collectible currently 400,000
Dividend receivable 100,000
Total current assets 6,500,000

What total amount should be reported as current assets?

a. 5,400,000
b. 5,300,000
c. 5,800,000
d. 5,900,000

43. CHI Co. gave PEN Inc. company a P200,000, 12% loan on December 1, 2019,. CHI Company paid proceeds of
P194,000 after the deduction of a P6,000 nonrefundable loan origination fee. Principal and interest are due in
sixty monthly instalments of P4,450, beginning January 1, 2020. The repayments yield an effective interest rate of
12% at a present value of P200,000 and 13.4% at a present value of P194,000.
What amount of interest income should be reported in 2019?
a. 2,166
b. 1,940
c. 2,233
d. 2,000

44. On January 1, 2020, Doro Company granted an employee an option to purchase 30,000 shares of Doro's P5 par
value common stock at P20 per share. The option became exercisable on December 31, 2021, after the employee
completed two years of service. The option was exercised on January 15, 2022. The market prices of stock were
as follows:
January 1, 2020 30
December 31, 2020 50
January 15, 2022 45
For 2020, Doro should recognize compensation expense of
a. 450,000
b. 375,000
c. 150,000
d. 0

45. Pelton, Inc. issued £2,000,000 par value, 7% convertible bonds at 99 for cash. The net present value of the debt
without the conversion feature is £1,900,000. What amount will Peloton assign to the equity feature of these bonds?
a. £100,000
b. £ - 0 -
c. £99,000
d. £80,000

46. Chogiwa Co.’s grant of 30,000 stock appreciation rights enables key employees to receive cash equal to the
difference between P20 and the market price of the stock on the date each right is exercised.
 The service period is Year 2020 through Year 2022, and the rights are exercisable in Year 2023 and Year 2024. The
market prices of the stock were P25 and P28 at December 31, 2020 and 2021, respectively. What amount should
Chogiwa report as the liability under the stock appreciation rights plan in its December 31, 2021, balance sheet?
a. P0
b. P130,000
c. P160,000
d. P240,000

47. Presented below is information related to Hale Corporation:

Share Capital—Ordinary, 1 par 4,300,000
Share premium—Ordinary 550,000
Share Capital—Preference 8 1/2%, 50 par 2,000,000
Share premium—Preference 400,000
Retained Earnings 1,500,000
Treasury Shares—Ordinary (at cost) 150,000

1. The total equity of Hale Corporation is

a. 8,600,000.
b. 8,750,000.
c. 7,100,000.
d. 7,250,000.

2. The total contributed capital related to the ordinary shares is

a. 4,300,000.
b. 4,850,000.
c. 5,250,000.
d. 4,700,000.

48. Rio Company shows a cash account balance per ledger of 1,500,000 as of December 31, 2020. The bank
statement shows a balance of 1.800,000 at the same date. The only reconciling items during 2020 consist of a
bank service charge of 20,000, outstanding check of of 150,000 and a deposit in transit.

What is the deposit in transit in December 31, 2020 bank reconciliation?

a.)170,000 c.)180,000
b.)150,000 d.)120,000 e.) answer not given

49. Royal Oak Company’s capital structure at December 31, 2019 was as follows:
Shares issued and outstanding
Common stock 200,000
Nonconvertible preferred stock 50,000

On October 1, 2020, Royal Oak issued a 10% stock dividend on its common stock, and paid a cash dividend of
P200,000 on its preferred stock. Net income for the year ended December 31, 2020 was P1,920,000.

What should be the 2020 basic earnings per share?

a. 8.20
b. 8.72
 c. 9.36
d. 7.82

50. Textile Company provided the following accounts on December 31, 2019:

Debit Credit
Accounts Receivable 6,500,000
Allowance for Doubtful Accounts 30,000
Net Credit Sales 21,000,000

The entity estimated that 8% of the gross accounts receivable will become uncollectible. What amount should be
recognized as doubtful accounts expense for 2019?
a. 260,000
b. 550,000
c. 600,000
d. 350,000