Grouper Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion.

GROUPER COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017

Current assets Cash$231,000 Accounts receivable (net)341,000 Inventory (lower-of-average-cost-or-market)402,000 Equity investments (marketable)-at cost (fair value $121,000)141,000Property, plant, and equipment Buildings (net)571,000 Equipment (net)161,000 Land held for future use176,000Intangible assets Goodwill81,000 Cash surrender value of life insurance91,000 Prepaid expenses13,000Current liabilities Accounts payable136,000 Notes payable (due next year)126,000 Pension obligation83,000 Rent payable50,000 Premium on bonds payable54,000Long-term liabilities Bonds payable501,000Stockholders equity Common stock, $1.00 par, authorized 400,000 shares, issued 291,000291,000 Additional paid-in capital161,000 Retained earnings?

Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $161,000 and for the equipment, $106,000. The allowance for doubtful accounts has a balance of $18,000. 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.)