Exam #2 Prob-ACC220 0 6 The following incomplete balance sheet for the Sanderson Manufacturing Company was prepared by the accounting manager for Sanderson, you are attempting to reconstruct and revise the balance sheet Balance Sheet At December 31, 2018 4.16 points Assets Current assets: Cash Accounts receivable Allowance for uncollectible accounts Finished goods inventory Prepaid expenses 2,850 6,700 (2,000) 7,600 2, 800 7,950 Print Total current assets Long-term assets: Investments Raw materials and work in process inventory Equipment Accumulated depreciation-equipment Patent 4, 600 3,850 25,000 (5, 800) Total assets Liabilities and Shareholders Equity Current l1abilities: Accounts payable Note payable Interest payable note Deferred revenue s 6,800 7,200 1,700 6,200 21,900 Total current liabilities Long-term liabilities: Bonds payable Intereat payable bonds 7,100 1,000 Shareholders equity: Common stock Recained earnings Total liabilities and shareholdere mitv