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MontyCompany has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. Prepare a

MontyCompany has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion.

Prepare a revised balance sheet given the available information.

Assume that the accumulated depreciation balance for the buildings is $169,000and for the equipment, $114,000. The allowance for doubtful accounts has a balance of $26,000. 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.)

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Assets $ v vLiabilities and Stockholders' Equity vMONTY COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash $239.000 Accounts receivable (net) 349,000 Inventory (lower-of-average-cost-or-market) 410,000 Equity investments (marketable)-at cost (fair value $129,000) 149.000 Property, plant, and equipment Buildings (net) 579,000 Equipment (net) 169,000 Land held for future use 184,000 Intangible assets Goodwill 89.000 Cash surrender value of life insurance 99.000 Prepaid expenses 21,000 Current liabilities Accounts payable 144,000 Notes payable (due next year) 134,000 Pension obligation 91,000 Rent payable 58.000 Premium on bonds payable 62,000 Long-term liabilities Bonds payable 509,000 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 299,000 299,000 Additional paid-in capital 169,000 Retained earnings

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