if explanations could be added i would appreciate it, but if thats too much work please just answer it :) thank you.
Presented below is the balance sheet of Splish Corporation for the current year, 2020. SPLISH CORPORATION BALANCE SHEET DECEMBER 31, 2020 Current assets $ 488,530 Current liabilities Investments 643,530 Long-term liabilities Property, plant, and equipment 1,723,530 Stockholders' equity Intangible assets 305.000 $3,160,590 $ 383,530 1,003,530 1,773,530 $3,160,590 The following information is presented. 1. The current assets section includes cash $153,530, accounts receivable $173,530 less $13,530 for allowance for doubtful accounts, inventories $183,530, and unearned rent revenue $8,530. Inventory is stated on the lower-of-FIFO-cost-or.net realizable value. 2. The investments section includes the cash surrender value of a life insurance contract $43.530 investments in common stock, short-term $83,530 and long-term $273,530, and bond sinking fund $242,940. The cost and fair value of investments in common stock are the same. 3. Property, plant, and equipment includes buildings $1,043,530 less accumulated depreciation $363,530, equipment $453,530 less accumulated depreciation $183,530, land $503,530, and land held for future use $270,000. 4. Intangible assets include a franchise $168,530, goodwill $103,530, and discount on bonds payable $32,940. 5. Current liabilities include accounts payable $143,530, notes payable-short-term $83,530 and long-term $123,530, and income taxes payable $32.940, 6. Long-term liabilities are composed solely of 7% bonds payable due 2028 7. Stockholders'equity has preferred stock, no par value, authorized 200,000 shares, issued 73,530 shares for $441,180, and common stock. $1.00 par value. authorized 400,000 shares, issued 103,530 shares at an average price of $10. In addition, the corporation has retained earnings of $297,050. Prepare a balance sheet in good form, adjusting the amounts in each balance sheet classification as affected by the information given above. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment Enter account name only and do not provide the descriptive information provided in the
