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Current Attempt in Progress Splish Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional

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Current Attempt in Progress Splish Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion SPLISH COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash $233,000 343,000 Accounts receivable (net) 404,000 Inventory (lower-of-average-cost-or-market) Equity Investments (marketable)-at cost (fair value $123,000) 143,000 Property, plant, and equipment Buildings (net) 573,000 Equipment (net) 163,000 Land held for future use 178,000 Intangible assets Goodwill 83.000 Cash surrender value of life insurance 93,000 MacRook Air Cash surrender value of life insurance 93,000 Prepaid expenses 15.000 Current liabilities Accounts payable 138,000 Notes payable (due next year) 128,000 85,000 Pension obligation Rent payable 52,000 Premium on bonds payable 56,000 Long-term liabilities Bonds payable 503,000 Stockholders' equity Common stock. $1.00 par, authorized 400,000 shares, issued 293,000 293,000 Additional paid in capital 163,000 Retained earnings ? Prepare a revised balance sheet given the available information Assume that the accumulated depreciation balance for the buildings is $163,000 and for the equipment, $108,000. The allowance for doubtful accounts has a balance of $20.000. The pension obligationis considered a long-term ability (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) SPLISH COMPANY Balance Sheet December 31, 2020 Assets Current Assets Cash Equity Investments Accounts Receivable $ Less Allowance for Doubtful Accounts Inventory Prepaid Expenses Total Current Assets 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 Accumulated Depreciation Equipment Total Property, Plant and Equipment Intangible Assets Goodwill Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Notes Payable Rent Payable Total Current Liabilities > Stockholders' Equity c $

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