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Financial Statement Presentation Vera Corp. reported the following amounts for the year just ended: Land $360,000 Patents 75,000 Equipment 120,000 Buildings 450,000 Goodwill 105,000 Accumulated

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Financial Statement Presentation Vera Corp. reported the following amounts for the year just ended: Land $360,000 Patents 75,000 Equipment 120,000 Buildings 450,000 Goodwill 105,000 Accumulated amortization 30,000 Accumulated depreciation 240,000 Prepare a partial balance sheet for these amounts. Balance Sheet (excerpt) Long-term assets Property, plant, and equipment (net) $ (1,170,000) Goodwill 105,000 Intangible assets (net) 105,000 x Total long-term assets $ 270,000 x Check

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