The following data, presented in alphabetical order, are taken from the records of Manfreid Corporation.

InstructionsPrepare a balance sheet at December 31, 2022.

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Accounts payable $ 150,000 Accounts receivable 90,000 Accumulated depreciation-buildings Accumulated depreciation-equipment 180,000 52,000 Allowance for doubtful accounts 6,000 Bonds payable (10%, due 2033) Buildings 350,000 900,000 Cash 63,000 Common stock ($5 par value; 500,000 shares authorized, 240,000 shares issued) Debt investments (long-term, at fair value) Discount on bonds payable Dividends payable 1,200,000 400,000 20,000 50,000 Equipment 275,000 Goodwill 190,000 Income taxes payable 70,000 Inventory Land 170,000 410,000 70,000 Notes payable (due 2023) Paid-in capital in excess of par value 464,000 Prepaid insurance Retained earnings Stock investments (Horton Inc. stock, 30% ownership, at equity) Stock investments (short-term, at fair value) 16,000 310,000 240,000 128,000