Exercise 5-5 Bramble Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented expansion below in order to obtain additional funds for BRAMBLE COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017 Current assets Cash Accounts recelvable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $130,500) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets 240,500 350,500 411,500 150,500 580,500 170,500 185,500 Goodwill Cash surrender value of life insurance Prepaid expenses 90,500 100,500 22,500 Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable 145,500 135,500 92,500 59,500