Blue Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion.

BLUE COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017
Current assets
Cash		$232,000
Accounts receivable (net)		342,000
Inventory (lower-of-average-cost-or-market)		403,000
Equity investments (trading)-at cost (fair value $122,000)		142,000
Property, plant, and equipment
Buildings (net)		572,000
Equipment (net)		162,000
Land held for future use		177,000
Intangible assets
Goodwill		82,000
Cash surrender value of life insurance		92,000
Prepaid expenses		14,000
Current liabilities
Accounts payable		137,000
Notes payable (due next year)		127,000
Pension obligation		84,000
Rent payable		51,000
Premium on bonds payable		55,000
Long-term liabilities
Bonds payable		502,000
Stockholders equity
Common stock, $1.00 par, authorized 400,000 shares, issued 292,000		292,000
Additional paid-in capital		162,000
Retained earnings		?

Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $162,000 and for the equipment, $107,000. The allowance for doubtful accounts has a balance of $19,000. The pension obligation is considered a long-term liability.