Accounts Receivable 439,460 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 29,460 Administrative Expenses Interest Expense 214,370 Inventory 600,110 Gain Notes Payable (long-term) 903,110 Equipment 604,460 Bonds Payable 1,003,110 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Common Stock (\$5 par) 1,004,460 Treasury Stock 195,460 Patents 195,000 Retained Earnings 81,110 Paid-in Capital in Excess of Par Totals $12,364,05083,110$$12,364,050 SHEFFIELD CORPORATION Balance sheet December 31,2020 i Assets Current Assets Cash 5 Debt Investments: Accounts Recelvabie. $ Less : Allowance for Doubtful Accounts. Iriventory Total Current Assets Long:terminvestments Debt investments. Total Long-term Investments Property, Plant and Equipment Land Buidings Less *: Accumulated Depreclation-Buidings Equipment Less : : Accumulated Depreciation-Equipment. Total Property, Plant and Equipment Intangible Assets Franchises Patents Total intangible Assets Total Assets Liabilities and Stockholders' Equity Current Liabiities Accounts Payable 5 Notes Payable Dividends Payable Acctued Liabilities Total Current Liabilities Long-term Liabilities Notes Payable Bonds Payable Total Long-term Liabilities Total Liabilities Stockholders' Equity Stockhoiders' Equity Paid-in Capital Common Stock Additional Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings : Less : : Treasury Stock Total Stockholders' Equity Total Liabilities and Stockholders' Equity