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	$ 101,400
Investment in Short-Term Marketable Securities	201,100
Investment in Long-Term Marketable Securities	300,900
Interest Receivable	16,400
Accounts Receivable	56,400
Inventory	35,500
Land	121,600
Buildings and Equipment	936,700
Allowance for Depreciation		$ 259,000
Accounts Payable		40,100
Mortgage Payable		321,200
Fund Balance		1,149,700
Total	$ 1,770,000	$ 1,770,000

Additional Information:

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

Unrestricted use	$ 40,100
Cancer research	11,300
Purchase of equipment	21,100
Permanently restricted endowment principal	32,000
Total	$ 104,500

Short-term investments at year-end consist of $151,200 of funds without donor restrictions and $49,900 of funds restricted for future cancer research. All of the long-term investments are held in the permanently restricted endowment fund.

Land is carried at its current market value of $121,600. The original owner purchased the land for $71,800, and at the time of donation to the hospital, it had an appraised value of $96,300.

Buildings purchased 11 years ago for $612,000 had an estimated useful life of 30 years. Equipment costing $150,600 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 $936,700 and had incorrectly computed the accumulated depreciation.

The board of directors voted on December 29, 20X4, to designate $100,700 of funds without donor restrictions to be invested in short-term investments for developing a drug rehabilitation center.

Required:

Prepare a balance sheet for Brookdale Hospital at December 31, 20X4.

Note: Amounts to be deducted should be indicated with minus sign.