Bruno Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion BRUNO COMPANY Statement of Financial Position December 31, 2010 Current assets Cash $260,000 Accounts receivable (net) 340,000 Inventories at lower-of-average-cost-or-net realizable value 401,000 Trading securities-at cost (fair value $120,000) 140,000 Property, plant, and equipment Building (net) 570,000 Office equipment (net) 160,000 Land held for future use 175,000 Intangible assets Goodwill 80,000 Other identifiable assets 90,000 Prepaid expenses 12,000 Current liabilities Accounts payable 135,000 Notes payable (due next year) 125,000 Pension obligation 82,000 Rent payable 49,000 Premium on bonds payable 53,000 Non-current liabilities Bonds payable 500,000 Equity Share capital-ordinary, $1.00 par, authorized 400,000 shares, issued 290,000 290,000 Share premium-ordinary 180,000 Retained earnings ? Prepare a revised statement of financial position given the available information. Assume that the accumulated depreciation balance for the buildings is $160,000 and for the office equipment, $105,000. The allowance for doubtful accounts has a balance of $17,000. The pension obligation is considered a non-current liability. (List current assets in reverse order of liquidity. List multiple entries for Property, plant, and equipment, Intangible assets Non-current liabilities and Current liabilities from largest to smallest amounts, e.g. 10, 5, 3. Enter all amounts as positive amounts and subtract where necessary.)