Exercise 5-5 Headland Company has decided to expand its cperations. The bookkeeper recently completed the balance sheet presented below in order to cbtain additional funds for expansion. FADIAND CO COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017 Current assets 5240,500 Accounts recervable net) Inventory lower of average cast-or-market) Equity investments (marketable)-at cost (fair value $130,500) 111,500 150,500 Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use ntangible assets 170,500 185,500 Cash surrender value of life insurancR Prepaid expenses 90,500 00,s00 22,500 Current liabilitles Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 145,500 135,500 92,500 63,500 Long-term liabilities ands payable 510,500 Stockholders equity Common stock, $1.00 par, authorized 400,0DD shares, issued 300,500 Additional paid-iri capital Retained earnings 00,500 170,500 Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $17O,5DD and for the equipment, $115,500. The allowance for doubtful accounts has a balance of $27,500. The pension obligation is considered a long-term llability, (List Current Assets in order of liguidity, 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 questlon.)