Brookdale Hospital hired an inexperienced controller early in 20X4. Near the end of 20X4, the board of directors decided to conduct a major fund-raising campaign. They wished to have the December 31, 20X4, statement of financial position for Brookdale fully conform with current generally accepted principles for hospitals. The trial balance prepared by the controller at December 31, 20X4, follows:

	Debit				Credit
Cash		$	101,100
Investment in Short-Term Marketable Securities			200,600
Investment in Long-Term Marketable Securities			301,800
Interest Receivable			15,200
Accounts Receivable			55,400
Inventory			36,500
Land			121,900
Buildings & Equipment			936,300
Allowance for Depreciation						$	259,800
Accounts Payable							41,500
Mortgage Payable							320,300
Fund Balance							1,147,200
Total		$	1,768,800			$	1,768,800

Additional Information:

1.	Your analysis of the contributions receivable as of December 31, 20X4, determined that there were unrecognized contributions for the following:

Unrestricted use		$	40,200
Cancer research			10,500
Purchase of equipment			22,000
Permanently restricted endowment principal			31,500
Total		$	104,200

2.	Short-term investments at year-end consist of $152,000 of unrestricted funds and $48,600 of funds restricted for future cancer research. All of the long-term investments are held in the permanently restricted endowment fund.
3.	Land is carried at its current market value of $121,900. The original owner purchased the land for $71,900, and at the time of donation to the hospital, it had an appraised value of $96,000.
4.	Buildings purchased 11 years ago for $606,000 had an estimated useful life of 30 years. Equipment costing $154,200 was purchased 7 years ago and had an expected life of 10 years. The controller had improperly increased the reported values of the buildings and equipment to their current fair value of $936,300 and had incorrectly computed the accumulated depreciation.
5.	The board of directors voted on December 29, 20X4, to designate $101,100 of unrestricted funds invested in short-term investments for developing a drug rehabilitation center.

Required:

Prepare a balance sheet for Brookdale Hospital at December 31, 20X4. (Amounts to be deducted should be indicated with minus sign.)

Balance Sheet December 31, 20x4 Assets Current Assets: Total current assets Long-term assets: Net investment in buildings and equipment Total long-term as Total assets Liabilities Total liabilities Net assets: Total net assets Total liabilities and net assets 0 0 0 0 0 0 0