he adjusted trial balance of Lawrence Corporation showed the following selected account balances (all debits) at December 31, the end of the annual reporting period.

Item	Amount
Cash	$96,800
Patent, net	30,800
Accounts receivable (net of allowance)	198,000
Prepaid rent expense (current)	2,200
Marketable equity securities (current)	110,000
Franchise, net	39,600
Rent revenue receivable (current)	6,600
Goodwill	132,000
Trademark	41,800
Prepaid insurance (two-thirds is long-term)	13,200
Copyright, net	26,400
Equipment (net of accumulated depreciation)	660,000
Notes receivable, trade (short-term)	22,000
R&D expense	85,800
Noncompete agreement	26,400

Required Prepare the asset section of Lawrences balance sheet at December 31. Include the proper balance sheet classifications with separate captions for Current assets; Property, plant, and equipment; Intangible assets; and Other assets. Assume that all required year-end amortization entries have been made.

Lawrence Corp. Balance Sheet-Selected Balances December 31 Assets Current assets \begin{tabular}{lrrr|r} \hline Cash & & 96,800 \\ \hline Accounts receivable, net & & 198,000 \\ \hline Prepaid rent expense & & 2,200 \\ \hline Marketable equity securities & & 110,000 \\ \hline Rent revenue receivable & & 6,600 \\ \hline Notes receivable, trade & & 22,000 \\ \hline Prepaid insurance & & 4,400 \\ \hline Total current assets & & 440,000 \\ \hline Property, plant, and equipment & & \\ \hline Equipment, net & & 660,000 \\ \hline Intangible assets & & \\ \hline Patent, net & & 30,800 \\ \hline Goodwill & & 132,000 \\ \hline Trademark & & 41,800 \\ \hline Copyright, net & & 26,400 \\ \hline Franchise, net & & 39,600 \\ \hline Noncompete agreement & & 26,400 \\ \hline Total intangible assets & & 297,000 \\ \hline Other assets & & \\ \hline Prepaid insurance & & 8,800 \\ \hline Total assets & \\ \hline & & 0 \\ \hline \end{tabular}