6 of 13 > View Policies Current Attempt in Progress Presented below is the trial balance of Teal Corporation at December 31, 2020. Debit Credit Cash $ 199,120 $8,101,010 Sales Debt Investments (trading) (at cost, $145,000) 154,010 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 301,120 Equity Investments (long-term) 279,120 Notes Payable (short-term 91,010 Accounts Payable 456,010 Selling Experees 2,001,010 Investment Revenue 67610 Land 261010 Buildings 1,042,120 Dividends Payable 138,120 Accrued Liabilities 97,010 Accounts Receivable 436,010 Accumulated Depreciation-Buildings 152.000 Allowance for Doubtful Accounts 26,010 Administrative Expenses 904610 Interest Expense 215,610 Inventory 599120 Gain 84610 Notes Payable (long-term 902.120 Equipment 601010 Bonds Payable 1002.120 Accumulated Depreciation-Equipment 60,000 Franchises 160000 Common Stock ($5 par 1001010 Treasury Stock 192010 Patents 195,000 Retained Earnings 60.120 Paid-in Capital in Excess of Par 82.120 Totals $12.34050 $12.340880 -/3.5 E Interest Expense 215,610 599,120 Inventory 84,610 Gain Notes Payable (long-term) 902,120 Equipment 601,010 Bonds Payable 1,002,120 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Common Stock ($5 par) 1,001,010 Treasury Stock 192,010 Patents 195,000 Retained Earnings 80,120 Paid-in Capital in Excess of Par 82,120 Totals $12,340,880 $12,340,880 Prepare a balance sheet at December 31, 2020, for Teal Corporation (Ignore income taxes). (List Current Assets in order of liquidity: List Property, Plant and Equipment in order of Land, Buliding and Equipment. Enter account name only and do not provide the descriptive Information provided in the question) TEAL CORPORATION Balance Sheet December 31,2020 Assets CA Ch D A Live T As for DA D Land Pada SC TEAL CORPORATION Balance Sheet Assets o 2 -> W # 43 a 13 N C 55 4 3540 D SAMSUNG 55 96 6 O 17 A B e r t y U S d f g h x C V b O www/v2/assessment player/dechid-877&ctas 4 0040-5347001547 Question 6 of 13 > Badro Acup Property Part + 9 2 NO a 4 -/3.5 1 Liabilities and Stockholders' Equity #3 C W e S 44 L 96 5 SAMSUNG d f 47 76 t y 9 DO g h M 8 D O 1 Question 6 of 131 Nelie tal Cat Listes Long te Lab Nees Payable P Sang C Com P May les at toon and Meda List of Accounts +135 00 2 a 43 SAMSUNG C $ 4 D 45 W e N L d f S X C t 9 47 & A 00 V O 8.00 U 9 h j b C E