Prepare a balance sheet at December 31, 2014, for Scott Butler Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)

Debit

Credit

Cash

$ 200,620

Sales

$ 8,102,670

Debt Investments (trading) (cost, $145,000)

155,670

Cost of Goods Sold

4,802,670

Debt Investments (long-term)

302,620

Equity Investments (long-term)

280,620

Notes Payable (short-term)

92,670

Accounts Payable

457,670

Selling Expenses

2,002,670

Investment Revenue

64,550

Land

260,000

Buildings

1,043,620

Dividends Payable

139,620

Accrued Liabilities

98,670

Accounts Receivable

437,670

Accumulated Depreciation-Buildings

152,000

Allowance for Doubtful Accounts

27,670

Administrative Expenses

901,550

Interest Expense

212,550

Inventory

600,620

Gain (extraordinary)

81,550

Notes Payable (long-term)

903,620

Equipment

602,670

Bonds Payable

1,003,620

Accumulated Depreciation-Equipment

60,000

Franchises

160,000

Common Stock ($5 par)

1,002,670

Treasury Stock

193,670

Patents

195,000

Retained Earnings

81,620

Paid-in Capital in Excess of Par

83,620

Totals

$12,352,220

$12,352,220