Exercise 5-12 Presented below is the trial balance of Nash Corporation at December 31, 2020. Debit Credit Cash $ 199,800 $ 8,102,570 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 155,570 4,800,000 301,800 279,800 92,570 457,570 2,002,570 64,380 Land 262,570 1,042,800 Buildings Dividends Payable Accrued Liabilities 138,800 98,570 Accounts Receivable 437,570 152,000 27,570 Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory 901,380 212,380 599,800 81,380 902,800 602,570 1,002,800 60,000 Gain 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 160,000 1,002,570 193,570 195,000 80,800 82,800 $12,347,180 Totals $12,347,180 Prepare a balance sheet at December 31, 2020, for Nash Corporation. (Ignore income taxes). (List Current Assets in order of liquid 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.) NASH CORPORATION Balance Sheet December 31, 2020 Assets Current Assets $ Cash Debt Investments $ Accounts Receivable Less Allowance for Doubtful Acc Inventory Total Current Assets Long-term Investments Debt Investments Equity Investments Total Long-term Investments Property, Plant and Equipment Land Buildings Less : Accumulated Depreciation. Equipment Less Accumulated Depreciation- Total Property, Plant and Equipment Intangible Assets Franchises Patents Total Intangible Assets Total Assets Liabilities and Stockholders' Equity Current Liabilities Liabilities and Stockholders' Equity Current Liabilities $ Accounts Payable Notes Payable Dividends Payable Accrued Liabilities $ Total Current Liabilities Total Long-term Liabilities Notes Payable Bonds Payable Total Long-term Liabilities Total Liabilities Stockholders' Equity Paid-in Capital $ Common Stock Total Liabilities Stockholders' Equity Paid-in Capital $ Common Stock Additional Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity $ Total Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 5 used