Crane Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion CRANE COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash $242,500 352,500 413,500 Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $ 132,500) Property, plant, and equipment Buildings (net) 152,500 582,500 Equipment (net) 172,500 187,500 Land held for future use Intangible assets Goodwill 92,500 Cash surrender value of life insurance 102,500 24,500 Prepaid expenses 24,500 147,500 Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable 137,500 94,500 61.500 Premium on bonds payable 65,500 Long-term liabilities 512,500 Bonds payable Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 302,500 Additional paid-in capital Retained earnings 302,500 172,500 ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $ 172.500 and for the equipment, $ 117,500. The allowance for doubtful accounts has a balance of $ 29,500. 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.) CRANE COMPANY Balance Sheet Assets $ U Liabilities and Stockholders' Equity $