5. The following balance sheet was prepared by the bookkeeper for Kraus Company as of December 31, 2019 Kraus Company Balance Sheet as of December 31, 2019 Accounts payable Bonds payable Stockholders' equity $ 75,000 100,000 218,500 Cash Accounts receivable (net) Inventory Investments Equipment (net) Patents $ 80,000 52,200 57,000 76.300 96,000 32,000 $393.500 $393,500 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 $2,500 has been deducted. 2. The net accounts receivable balance includes: (a) accounts receivable-debit balances $60,000; (b) accounts receivable-credit balances $4,000; (c) allowance for doubtful accounts $3,800. 3. Inventory does not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods. 4. Investments include investments in common stock, trading $19,000 and available- for-sale $48,300, and franchises $9,000. 5. 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. Instructions Prepare a balance sheet in good form (stockholders' equity details can be omitted.)