The following data, presented in alphabetical order, are taken from the records o(

Lefever Corporation.

The investment in Dodge common stock is considered to be a long-term available-for-sale securitv.
Instructions Prepare a balance sheet at December 31. 2006.

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Accounts payable Accounts receivable Accumulated depreciation building Accumulated depreciation equipment Allowance for doubtful accounts $ 210,000 140,000 180,000 52.0XK) 6,000 Bonds payable (10%, due 2017) 500,000 Buildings 950,000 Cash 42.000 Common stock ($10 par value: 500,000 shares authorized. 150.000 shares issued) 1.500.000 Dividends payable 80,000 Equipment 275,000 Goodwill 200.000 Income taxes payable 120,000 Investment in Dodge common stock (10% ownership), at cost Investment in Portico common stock (30% ownership), at equity 380,000 278,000