Concord Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. CONCORD COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash $238,500 Accounts receivable (net) 348,500 Inventory (lower-of-average-cost-or-market) 409,500 Equity investments (marketable)-at cost (fair value $128,500) 148,500 Property, plant, and equipment Buildings (net) 578,500 Equipment (net) 168,500 Land held for future use 183,500 Intangible assets Goodwill 88,500 Cash surrender value of life insurance 98,500 Prepaid expenses 20,500 Current liabilities Accounts payable 143,500 Notes payable (due next year) 133,500 Pension obligation 90,500 Rent payable 57,500 Premium on bonds payable 61,500 Long-term liabilities Bonds payable 508,500 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 298,500 298,500 Additional paid-in capital 168,500 Retained earnings ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $168,500 and for the equipment, $113,500. The allowance for doubtful accounts has a balance of $25,500. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) CONCORD COMPANY Balance Sheet