Prepare a balance sheet at December 31, 2020, for Sheffield 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.) SHEFFIELD CORPORATION Balance Sheet For the Year Ended December 31, 2020 Assets Presented below is the trial balance of Sheffield Corporation at December 31, 2020. Debit Credit Cash $ 198,550 $ 8,103,580 156.580 Sales Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue 4,800,000 300,550 278,550 93,580 458,580 2,003,580 67,440 Land 263,580 1,041,550 Buildings Dividends Payable 137,550 99,580 Accrued Liabilities 1,041,550 137,550 99,580 438,580 152,000 28,580 904,440 215,440 598,550 Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock ($5 par) Treasury Stock Patents 84,440 901,550 603,580 1,001,550 60,000 160,000 1,003,580 194,580 195,000 ccounto Neceivabic TUU, JUU 152,000 28,580 904,440 215,440 598,550 84,440 901,550 603,580 Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock ($5 par) Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par 1,001,550 60,000 160,000 1,003,580 194,580 195,000 79,550 81,550 Totals $12,353,110 $12,353,110