Assets Audited Balance Sheet Adjustment Pro Forma Balance Sheet Cash and receivables $ 250,000 $ 170,000 $ 420,000 Inventories 260,000 140,000 400,000 Land 600,000 400,000 1,000,000 Buildings & equipment 800,000 1,000,000 1,800,000 Accumulated depreciation (300,000) (300,000) Goodwill -0- 230,000 230.000 Total assets $1,610,000 $3,550,000 Liabilities and Equity Current liabilities $ 110,000 150,000 260,000 Bonds payable -0- 350,000 350,000 Common stock 750,000 450,000 1,200,000 Other contributed capital 400,000 990,000 1,390,000 Retained earnings 350,000 350,000 Total equities $1,610,000 $3,550,000