From the following accounts, prepare a balance sheet for Chester Co. for the current calendar year.
Accrued interest payable..........$ 1,400
Property, plant, and equipment.......34,000
Inventory.................12,400
Additional paid-in capital...........7,000
Deferred taxes payable (noncurrent)......1,600
Cash....................1,500
Accumulated depreciation...........10,500
Bonds payable...............14,500
Accounts payable...............4,300
Common stock................2,500
Prepaid expenses...............700
Land held for sale.............9,200
Retained earnings.............?
Current portion of long-term debt.......1,700
Accounts receivable..............6,200
Notes payable...............8,700