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Help put into classified balance sheet PRONGHORN COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017 Current assets $234,000 344,000 405,000 Accounts receivable (net) Equity investments
Help put into classified balance sheet
PRONGHORN COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017 Current assets $234,000 344,000 405,000 Accounts receivable (net) Equity investments (marketable)-at cost (fair value 144,000 $124,000) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use 164,000 Intangible assets 84,000 Cash surrender value of life insurance Prepaid expenses 16,000 Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 139,000 129,000 86,000 53,000 57,000 Long-term liabilities Stockholders' equity shares, issued 294,000 Bonds payable 504,000 Common stock, $1.00 par, authorized 400,000 294,000 164,000 Additional paid-in capital Retained earnings Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $164,000 and for the equipment, $109,000. The allowance for doubtful accounts has a balance of $21,000. 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.)Step by Step Solution
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