3- Arrange the following items in proper balance sheet presentation;

Accumulated depreciation $300,000

Retained earnings 96,000

Cash 10,000

Bonds payable 136,000

Accounts receivable 48,000

Plant and equipmentoriginal cost 680,000

Accounts payable 35,000

Allowance for bad debts 6,000

Common stock, $1 par, 100,000 shares outstanding 100,000

Inventory 66,000

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

Marketable securities 20,000

Investments 20,000

Notes payable 33,000

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