Exercise 5-5 Stellar Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. $235,500 345,500 406,500 145,500 575,500 165,500 180,500 STELLAR COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $125,500) 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 Long-term liabilities Bonds payable Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 295,500 Additional paid-in capital Retained earnings 85,500 95,500 17,500 140,500 130,500 87,500 54,500 58,500 505,500 295,500 165,500 Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $165,500 and for the equipment, $110,500. The allowance for doubtful accounts has a balance of $22,500. 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.) Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $165,500 and for the equipment, $110,500. The allowance for doubtful accounts has a balance of $22,500. 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.) STELLAR COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work