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Uhura Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for xpansion UHURA COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $120,000) $230,000 340,000 401,000 140,000 Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use 570,000 160,000 175,000 Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses 80,000 90,000 12,000 Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 135,000 125,000 82,000 49,000 53,000 Uhura Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for xpansion UHURA COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $120,000) $230,000 340,000 401,000 140,000 Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use 570,000 160,000 175,000 Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses 80,000 90,000 12,000 Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 135,000 125,000 82,000 49,000 53,000