s 75,000 Accounts Receivable (net) 38,500 65,300 Inventory Equipment (net) 84,000 P atents 15,000 Notes and Accounts P ayable S 52,000 Notes Payable (due 2019) Common Stock Retained Earnings 50,800 PQCED BY: fu private No put of this 0k be Exc:ept for the following items, Hopkins has recorded all adjustments in its accounts. Cash includes $500 petty cash and $15,000 in a bond sinking hind. z. 3. 4. Net accounts receivable is comprised of S52,ooo in accounts receivable and S 13,500 in allowance for doubtful accounts. Equipment had a Oost of $112,000 and accumulated depreciation of S28,ooo. On January 8, 2018, one of Hopkins' customers declared bankruptcy. At December 31, 2017, this customer owed Hopkins SOOO. Acco unting Prepare a corrected 31, 2017, balance sheet for Hopkins Company. Analys is Hopkins' bank is considering granting an additional loan in the amount of 545,000, which be due December 31, 2018. How can the information in the balance sheet provide useful information to the bank about Hopkins' ability to rep ay the loan? Prin In the up:oming meeting with the bank, Hopkins plans to provide additional information about the fair value of its equipment and some internally generated intangible assets related to its customer lists. This information indicates that Hopkins has significant unrealized gains on these assets, which are not reflected on the balance sheet. ullat objections is the bank likely to raise about the usefuln ess of this infinmation in evaluating Hopkins for the loan renewal?