Developement of balance sheet (LO3) arrange the following items in proper balance sheet presentation:

Accumulated depreciation...................................................................... $300,000

Retained earnings................................................................................. 96,000

Cash.................................................................................................... 10,000

Bonds payable...................................................................................... 136,000

Accounts recievable.............................................................................. 48,000

Plant and equipment---original cost........................................................ 680,000

Accounts payable................................................................................. 35,000

Allowance for bad debts......................................................................... 6,000

Common stock, $1 par, 100,000 shares outstanding................................. 100,000

Inventory............................................................................................... 66,000

Preferred stock, $50 par, 1,000 shares outstanding.................................. 50,000

Marketable securities............................................................................ 20,000

Investments......................................................................................... 20,000

Notes payable..................................................................................... 33,000

Capital paid in excess of par (common stock)......................................... 88,000