Debit Credit Cash $ 198,550 $ 8,101,220 154,220 Sales Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue 4,800,000 300,550 278,550 91,220 456,220 2,001,220 64,400 Land 261,220 1,041,550 Buildings Dividends Payable Accrued Liabilities 137,550 97,220 Accounts Receivable 436,220 152,000 26,220 Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) 901,400 212,400 598,550 81,400 901,550 901,550 601,220 1,001,550 60,000 160,000 Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock ($5 par) Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par 1,001,220 192,220 195,000 79,550 81,550 $12,332,870 Totals $12,332,870 Prepare a balance sheet at December 31, 2020, for Sheridan Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) SHERIDAN CORPORATION Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $