Landfair League finished its first year of operations in 2020. Balance sheet information at December 31, 2020 is presented below.

Debt securities: Amortized Cost Fair Value

Trading $36,400 $33,800

Available-for-sale 60,700 54,700

Held-to-maturity 56,800 57,000

AFS securities consist of stocks and bonds maturing from 2025 and thereafter.

HTM securities consists of bonds maturing in 2028 and thereafter.

Accrued expenses: $89,200

Copyrights: $66,700

Inventory:cost, $80,100; net realizable value, $80,500

Cash and cash equivalents: $86,000

Paid-in capital in excess of par value - common stock: $360,000

Bonds payable maturing in 2035: face value, $250,000; fair value, $194,400; balance of discount on bonds payable, $63,300

Accounts receivable: gross, $129,300; allowance for doubtful accounts, $45,000

Preferred stock: $14,000, $4 par value, 5,000 shares authorized, 3,500 shares issued and outstanding

Prepaid expenses: $89,900

Accounts payable: $27,900

Cash surrender value of life insurance policy: $42,100

Accumulated other comprehensive income/loss: $4,000

Buildings: cost, $2,444,600; fair value, $386,900; accumulated depreciation, $2,062,300

Notes payable: $120,000; due in 2023

Common stock: $90,000; $1 par value; 100,000 shares authorized, 90,000 shares issued and outstanding

Deferred income tax asset/liability: $2,000

Retained earnings: $94,900

Instructions: Prepare Landfair League's balance sheet in accordance with GAAP.