Balance Sheet Calculations

Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows:

	2019	2020
Total shareholders' equity	$ (a)	$100,700
Accumulated other comprehensive income	4,800	5,000
Current liabilities	(b)	9,800
Intangible assets	12,600	12,000
Property, plant, and equipment (net)	(c)	87,500
Current assets	18,000	(h)
Total contributed capital	51,000	(i)
Long-term liabilities	(d)	30,200
Retained earnings	40,900	(j)
Total assets	(e)	(k)
Common stock, $10 par	(f)	(l)
Working capital	9,900	10,700
Additional paid-in capital	(g)	40,000
Long-term investments	23,700	(m)
Total liabilities	38,100	(n)

Additional information: At the end of 2019, additional paid-in capital is twice the amount of common stock. In 2020, the company issued (sold) 300 shares of common stock.

Required:

Prepare the correct balance sheet. All the necessary information is provided.

	2019	2020
Assets
Current assets
Long-term investments
Property, plant, and equipment (net)
Intangible assets
Total assets
Liabilities
Current liabilities
Long-term liabilities
Total liabilities
Shareholders Equity
Contributed Capital:
Common stock, $10 par
Additional paid-in capital
Total contributed capital
Retained earnings
Accumulated other comprehensive income
Total shareholders' equity
Total liabilities and shareholders' equity

You should note the following:

1. Working capital = Current assets-Current liabilities
2. If Common stock = X, then Additional paid-in capital = 2X