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Prepare the balance sheet for the following: (Amounts to be deducted should be indicated with parentheses or a minus sign.) Accumulated depreciation $309,000 187,000 14,000

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Prepare the balance sheet for the following: (Amounts to be deducted should be indicated with parentheses or a minus sign.) Accumulated depreciation $309,000 187,000 14,000 136,000 54,000 775,000 35,000 9,000 100,000 70,000 59,000 24,000 20,000 34,000 88,000 Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, $1 par, 100,000 shares outstanding Inventory Preferred stock, $59 par, 1,000 shares outstanding Marketable securities Investments Notes payable Capital paid in excess of par (common stock) Balance Sheet Assets Liabilities and Stockholders' Equity Current Assets Curnt Liabilities 14,000 Cash Accounts receivable 70,000 Inventory Total current liabilities Marketable securitie 24,000 Long-term liabilities 9,000 Add: Allowance for bad debts $ 33,000 Net accounts receivable 117,000 Total liabilities Total current assets $ Other Assets Stockholders' Equity Fixed assets 0 Total stockholders' equity Net plant and equipment $ 117,000 Total liabilities and stockholders' equity Total assets

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