CULVER COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017 $232,000 342,000 403,000 142,000 572,000 162,000 177,000 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable) at cost (fair value $122,000) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwil Cash surrender value of life insurance Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable Long-term liabilities Bonds payable Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 292,000 Additional paid-in capital Retained earnings 82,000 92,000 14,000 137,000 127,000 84,000 51,000 55,000 502,000 292,000 162,000 Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $162,000 and for the equipment, $107,000. The allowance for doubtful accounts has a balance of $19,000. 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.) CULVER COMPANY Balance Sheet December 31, 2017 Acerca OD Motor Deco Inventory Pred unts met Langam Land Cash Surrender Value of new Long-tarm Bruments ity. Plant and automat 10000 umulated Depreciation Building mart 0900 cumulated Depreciation woment Wata 1 tants Total Liabilities and Stockholders' Equity Current Liabilities Accounts Payable as payable 1 137000 Notes Payable T 127000 T Rent Payable T 51000 T Total Current Liabilities Long-term Liabilities T Bonds Payable 502000 Add 7]. T 55000 447000 Premium on Bonds Payable Pension Obligation 84000 Total Liabilities stockholders' Equity T Common Stock 292000 T Additional Pald-in Capital 1 162000 II 130000 Retained Earnings 37000 T Total Stockholders' Equity T Total Liabilities and Stockholders' Equity