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E 5 . 5 ( LO 2 ) ( Preparation of a Corrected Balance Sheet ) Uhura Company has decided to expand its operations. The

E5.5(LO 2)(Preparation of a Corrected Balance Sheet) Uhura Company has decided to expand
its operations. The bookkeeper recently completed the following balance sheet in order to obtain addi-
tional funds for expansion.
Uhura Company
Balance Sheet
For the Year Ended 2020
Instructions
Prepare a revised balance sheet given the available information. Assume that the accumulated depreci-
ation balance for the buildings is $160,000 and for the equipment, $105,000. The allowance for doubtful
accounts has a balance of $17,000. The pension obligation is considered a long-term liability.
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