1. Arrange the following items in proper balance sheet presentation:

Accumulated depreciation................................................ $200,000

Retained earnings............................................................. 110,000

Cash................................................................................. ....5,000

Bonds payable................................................................. 142,000

Accounts receivable.............................................................38,000

Plant and equipmentoriginal cost.................................. 720,000

Accounts payable................................................................35,000

Allowance for bad debts........................................................6,000

Common stock, $1 par, 150,000 shares outstanding.........150,000

Inventory............................................................................66,000

Preferred stock, $50 par, 1,000 shares outstanding.............50,000

Marketable securities............................................................15,000

Investments.........................................................................20,000

Notes payable.......................................................................83,000

Capital paid in excess of par (common stock)......................88,000