As controller for California Company, you are attempting to revise and reconstruet the following balance sheet prepared by a staff accountant 1. California Company Balance Sheet At December 31, 2018 (S in 000s) Assets Current assets: $ 1,600 4,300 Cash Accounts receivable Allowance for uncollectible accounts Finished goods inventory Prepaid expenses (500) 5,000 2.400 12,800 Total current assets Long-term assets: Investments Raw materials and work in process inventory Equipment Accumulated depreciation-equipment 2,000 3,200 18,000 (8,000) Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Note payable Interest payable-note Deferred revenue $6,200 8,000 200 2.400 16,800 Total current liabilities Long-term liabilities: 7,000 200 Bonds payable Interest payable-bonds Shareholders' equity: Common stock Retained earnings Total liabilities and shareholders' equity