Debit	Credit
Accounts Payable		$ 682,000
Accounts Receivable	$ 652,000
Accrued Liabilities		144,000
Accumulated DepreciationBuildings		228,000
Accumulated DepreciationEquipment		90,000
Administrative Expenses	1,350,000
Allowance for Doubtful Accounts		38,000
Bonds Payable		1,500,000
Buildings	1,560,000
Cash	295,000
Common Stock ($5 par)		1,500,000
Copyrights & Licenses	240,000
Cost of Goods Sold	7,200,000
Debt Investments	678,000
Equipment	900,000
Equity Investments	416,000
Gain on sale of land		120,000
Goodwill	293,000
Income taxes payable		204,000
Interest Expense	317,000
Inventory	895,000
Investment Revenue		95,000
Land	390,000
Notes Payable		1,450,000
Paid-in Capital in Excess of Par		155,000
Retained Earnings		117,000
Sales Revenue		12,150,000
Selling Expenses	3,000,000
Treasury Stock	287,000	_________
Totals	$18,473,000	$18,473,000

Additional information

1. The $678,000 balance in the investment in debt investments account represents an includes $250,000 that Bent intends to sell within the next year. Bent intends to keep the remaining balance as a long-term investment.
2. The bonds payable are due in 2026.
3. The equity securities are a long-term investment.
4. The notes payable balance matures in equal installments over the next ten years.

Required

Prepare the following sections of the balance sheet, listing all of the accounts and their balances and indicating the total amount to be reported:

1. Current assets
2. Property, plant, and equipment
3. Current liabilities

Calculate the following amounts to be reported on the balance sheet:

1. Total Assets
2. Total Shareholders' Equity