Exercise 5-5 Ayayai Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. AYAYAI COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 $241,000 351,000 412,000 151,000 581,000 171,000 186,000 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $131,000) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 91,000 101,000 23,000 146,000 136,000 93,000 60,000 64,000 Long-term liabilities Bonds payable 511,000 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 301,000 301,000 Additional paid-in capital 171,000 Retained earnings ? Prepare revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $171,000 and for the equipment, $116,000. The allowance for doubtful accounts has a balance of $28,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) AYAYAI COMPANY Balance Sheet Assets $ > Liabilities and Stockholders' Equity