following balance sheet was prepared by the bookkeeper for Kraus Company as of December 31, 2010. Cash 80,000 A/R (Net) 52,200 Inventories 57,000 Investments 76,300 Equipment (Net) 96,000 Patents 32,000 Total 393,500 A/P 75,000 Long-Term Liabilities 100,000 Stockholder's Equity 218,500 Total 393,500 The following additional information is provided: 1) Cash includes the cash surrender value of a life insurance policy $9,400, and a bank overdraft of $2,500 has been deducted. 2) The net a/r balance includes: (a)a/r debit: 60,000 (b)a/r credit: 4,000 (c)allowance for doubtful accts: 3,800 3) Inventories do not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods. 4) Investments include investments in common stock, trading $19,000 and available for sale $48,300 and franchises $9,000. 5) Equipment costing $5,000 with accumulated depreciation $4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000. Prepare a balance sheet in good form (Stockholder's equity details can be omitted.)