P16-6A The following data, presented in alphabetical order, are taken from the records Nieto Corporation Accounts payable $ 260,000 Accounts receivable 140,000 Accumulated depreciation buildings 180,000 Accumulated depreciation-equipment 52,000 Allowance for doubtful accounts 6,000 Bonds payable (10%, due 2025) 500,000 Buildings 950,000 Cash 62,000 Common stock ($10 par value; 500,000 shares authorized, 150,000 shares issued) 1,500,000 Dividends payable g r id 80,000 Equipment COSTA 275,000 Fair value adjustment-available-for-sale securities (Dr) A 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 2018) 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 gain-available-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 classified balance sheet at December 31, 2017 Total assets $2,811,000