4. Aidan Norton owns Aidan's Lodge in a rural Midwestern town. His accountant is out with the flu, and Aidan has to develop his balance sheet without his accountant's help. Using the following balance sheet accounts, help Aidan complete his balance sheet. Balance Sheet Accounts Investments $1,275,000 Paid in Capital $3,000,000 Other Current Liabilities 1,590,000 Accumulated Depreciation 1,185,000 Building 3,250,000 Inventories 380,000 Accounts Payable 1,460,000 Common Stock 750,000 Long-Term Debt 1,800,000 Retained Earnings Cash 587,500 Land 2,865,000 1,957,500 Furnishings and Equipment 1,850,000 Net Receivables Notes Payable 335,000 Other Assets 2,675,000 170,000 Marketable Securities 840,000 148 Chapter 4 The Balance Sheet ASSETS Current Assets Aidan's Lodge Balance Sheet December 31 This Year LIABILITIES AND OWNERS EQUITY Current Liabilities Total Current Assets Investments Property and Equipment Total Current Liabilities Long-Term Liabilities Total Liabilities Owners' Equity Less: Accumulated Depreciation Net Property and Equipment Other Assets TOTAL ASSETS Total Owners' Equity TOTAL LIABILITIES AND OWNERS' EQUITY