Jaez Corporation is in the process of going through a reorganization. As of December 31, 2020, the company’s accountant has determined the following information although the company is still several months away from emerging from the bankruptcy proceeding. Prepare a balance sheet in the appropriate form.

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Book Value Falr Value Assets $ 23,000 $ 23,000 47,000 210,000 Cash Inventory. Land... 45,000 140,000 220,000 Buildings. Equipment . 260,000 154,000 157,000 Allowed Expected Settlement Clalms Liabilities as of the date of the order for relief $ 123,000 30,000 $ 20,000 Accounts payable.. Accrued expenses Income taxes payable Note payable (due 2023, secured by land). Note payable (due 2025) .... 4,000 22,000 18,000 100,000 100,000 170,000 80,000 Liabilities since the date of the order for rellef $ 60,000 Accounts payable.. Note payable (due 2022) Stockholders' equity 110,000 $ 200,000 (233,000) Common stock Deficit ...