P12-6A. The following data, presented in alphabetical order, are taken from the records of Nieto Corporation.

Accounts Payable $260,000

Accounts Receivable $140,000

Accumulated depreciation- buildings $180,000

Accumulated deprecation-equipment $52,000

Allowance for doubtful accounts $6,000

Bonds payable (10% due 2023) $500,000

Building $950,000

Cash $62,000

Common Stock

($10 par value; 500,000 shares authorized, 150,00 shares issued) $1,500,000

Dividends payable $80,000

Equipment $275,000

Fair Value Adjustment-available for-sale securities (Dr) $8,000

Goodwill $200,000

Income taxes payable $120,000

Inventory $170,000

Investment in Mara common stock (30% ownership) at equity $380,000

Investment in Sasse common stock (10% ownership), at cost $278,000

Land $390,000

Notes Payable (due 2016) $70,000

Paid in Capital in excess of par- common stock $130,000

Premium on bonds payable $40,000

Prepaid insurance $16,000

Retained earnings $103,000

Short-term investments, at fair value (and cost) $180,000

Unrealized gainavailable-for-sale-securities $8,000

The investment in Sasse common stock is considered to be a long-term available-for-sale security.

Instructions

Prepare a classi?ed balance sheet at December 31, 2015.