A Corporation is in the process of going through a reorganization. As of December 31, 2017, the companys accountant has determined the following information although the company is still several months away from emerging from the bankruptcy proceeding.

	Book Value			Fair Value
Assets
Cash	$	42,000		$	42,000
Inventory		64,000			66,000
Land		197,000			249,000
Buildings		239,000			279,000
Equipment		173,000			176,000

	Allowed Claims			Expected Settlement
Liabilities as of the date of the order for relief
Accounts payable	$	142,000		$	39,000
Accrued expenses		49,000			23,000
Income taxes payable		41,000			37,000
Note payable (due 2020, secured by land)		119,000			119,000
Note payable (due 2022)		189,000			99,000
Liabilities since the date of the order for relief
Accounts payable	$	79,000
Note payable (due 2019)		129,000
Stockholders' equity
Common stock	$	219,000
Deficit		(252,000	)

Prepare a balance sheet in the appropriate form (Negative amounts should be indicated by a minus sign.)

Balance Sheet
Dec. 31, 2017
Current Assets:
Land, buildings, and equipment:
Total assets
liabilities not subject to compromise
current liabilities:
long-term liabilities:
liabilities subject to compromise
total liabilities
stockholder's equity
total liabilities and shareholders (deficit)