5.

Blue Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. Held-to maturity d Prepaid expenses 95,500 17,500 Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable Long-term liabilities Bonds payable 505,500 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 295,500 295,500 Paid-in capital in excess of par 165,500 Retained earnings ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $165,500 and for the equipment, $110,500. The allowance for doubtful accounts has a balance of $22,500. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)