Current assets Cash $231,500 Accounts receivable (net) 341,500 Inventory (lower-of-average-cost-or-market) 402,500 Equity investments (marketable) at cost (fair value $121,500) 141,500 Property, plant, and equipment Buildings (net) 571,500 Equipment (net) 161,500 Land held for future use 176,500 Intangible assets Goodwill 81,500 Cash surrender value of life insurance 91,500 Prepaid expenses 13,500 Current liabilities Accounts payable 136,500 Notes payable (due next year) 126,500 Pension obligation 83,500 Rent payable 50,500 Premium on bonds payable 54,500 Long-term liabilities Bonds payable 501,500 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 291,500 291,500 Additional paid-in capital 161,500 Retained earnings ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $161,500 and for the equipment, $106,500. The allowance for doubtful accounts has a balance of $18,500. 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.) PRONGHORN COMPANY Balance Sheet For the Year Ended December 31, 2020 Assets Current Assets cash $ 231500 Trading Securities 121500 Accounts receivable $ Less Allowance for Doubtful Accounts Inventory Prepaid Expenses Total Current Assets V Long-term Investments Land Held for Future Use Cash Surrender Value of Life Insurance Property, Plant and Equipment Buildings Less Accumulated Depreciation Buildings Equipment Less V Accumulated Depreciation Equipment Intangible Assets Goodwill Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 136500 Notes Payable 126500 Rent Payable 50500 Total Current Liabilities Long-term Liabilities Bonds Payable $ 54500 Add Premium on Bonds Payable Pension Obligation Total Liabilities > > Stockholders' Equity Common Stock Additional Paid-in Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity