Van Gogh’s fragmentary balance sheet is shown below.

Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 210,000 Accounts payable $ 250,000 Accounts receivable 466,000 Notes payable ?

Inventories 812,000 Accrued expenses 275,000 Prepaid expenses ? Total current liabilities ?

Total current assets 1,520,000 Noncurrent liabilities Property, plant, and Bonds payable 350,000 equipment Mortgage payable 250,000 Land ? Total noncurrent Buildings and liabilities ?

equipment 865,000 Total liabilities 1,600,000 Less: Accumulated depreciation 313,0000 Shareholders’ equity Net book value 552,000 Invested capital 500,000 Total property, plant, Retained earnings ?

and equipment 938,000 Total shareholders’

Total assets ? equity 858,000 Total liabilities and shareholders’

equity ?

Required Determine the missing figures and reconstruct the balance sheet in its proper format.