Assets \ Cash $ 28,000 $ 28,000\ Accounts Receivable 258,000 251,500\ Less: Allowance for Bad Debts (6,500) \ Inventory 381,000 395,000\ Long-Term Investments 150,000 175,000\ Land 55,000 100,000\ Rolling Stock 130,000 63,000\ Plant and Equipment 2,425,000 2,500,000\ Less: Accumulated Depreciation (614,000) \ Patents 125,000 500,000\ Special Licenses 95,800 100,000\ Total Assets $ 3,027,300 $ 4,112,500\ Liabilities \ Current Payables $ 137,200 $ 137,200\ Mortgages Payable 500,000 520,000\ Equipment Trust Notes 100,000 95,000\ Debentures Payable 1,000,000 950,000\ Less: Discount on Debentures (40,000) \ Total Liabilities $ 1,697,200 $ 1,702,200\ Stockholders Equity \ Common Stock ($5 par) 600,000 \ Additional Paid-In Capital from Common Stock 500,000 \ Additional Paid-In Capital from Retirement of Preferred Stock 22,000 \ Retained Earnings 220,100 \ Less: Treasury Stock (1,500 shares) (12,000) \ Total Liabilities and Equity $ 3,027,300