[15 POINTS] Balance sheet presentation. The following balance sheet was prepared by the bookkeeper for Kraus Company as of December 31, 2017 Kraus Company Balance Sheet as of December 31, 2017 75,000 100,000 218,500 Cash Accounts receivable (net) Inventory Investments Equipment (net) Patents 80,000 Accounts payable 52,200 Bonds payable 57,000 Stockholders' equity 76,300 96,000 393.500 S393.500 The following additional information is provided 1. Cash includes the cash surrender value of a life insurance policy $9,400, and a bank overdraft of S2,500 has been deducted. The net accounts receivable balance includes: (a) accounts receivable-debit balances S60,000 (b) accounts receivable credit balances $4,000; (c) allowance for doubtful accounts $3,800 Inventory does not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods Investments include investments in common stock, trading $19,000 and available-for-sale $48,300 and franchises $9,000 Equipment costing $5,000 with accumulated depreciation $4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000 2. 3. 4. 5. Instructions Prepare a balance sheet in good form (stockholders equity details can be omitted.)