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Please assist with the attached. Thank you Problem 12-6A The following data, presented in alphabetical order, are taken from the records of Radar Corporation. Accounts
Please assist with the attached. Thank you
Problem 12-6A The following data, presented in alphabetical order, are taken from the records of Radar Corporation. Accounts payable $239,940 Accounts receivable 140,640 Accumulated depreciationbuildings 179,250 Accumulated depreciationequipment 51,270 Allowance for doubtful accounts 5,020 Bonds payable (10%, due 2020) 500,300 Buildings 950,390 Cash 41,980 Common stock ($10 par value; 491,980 shares authorized, 149,720 shares issued) Dividends payable 1,497,200 79,080 Equipment 275,620 Fair value adjustmentnontrading securities (Dr) 7,000 Goodwill 200,650 Income taxes payable 119,490 Inventory 170,150 Investment in Mara common stock (30% ownership), at equity 379,160 Investment in Sasse common stock (10% ownership), at cost 277,090 Land 389,940 Notes payable (due 2015) 70,840 Paidin capital in excess of parcommon stock 136,190 Premium on bonds payable 39,560 Prepaid insurance 15,720 Retained earnings 103,200 Shortterm investment, at fair value (and cost) 180,000 Unrealized gainnontrading securities 7,000 The investment in Sasse common stock is considered to be a longterm nontrading security. Prepare a classified balance sheet at December 31, 2014. (List assets in order of liquidity. Property, plant and equipment list in order of land, buildings and equipment.) RADAR CORPORATION Balance Sheet December 31, 2014 Assets $ $ : $ : : $ Liabilities and Stockholders' Equity $ $ $ : : $ Click if you would like to Show Work Open Show Work for thisStep by Step Solution
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