Presented below are a number of balance sheet items for Roma, Inc., for the current year, 2014. Goodwill $ 210,000 Payroll taxes payable 65,300 Bonds payable 500,000 Discount on bonds payable 35,000 Cash 61,000 Land 351,000 Notes receivable 160,500 Notes payable (to banks) 264,900 Accounts payable 347,000 Retained earnings ? Income taxes receivable 45,600 Unsecured notes payable (long-term) 1,300,000 Buildings 2,800,000 Instructions Accumulated depreciationequipment $ 467,000 Inventory 398,600 Rent payable (short-term) 40,000 Income tax payable 110,800 Rent payable {longterm) 80,000 Common stock, $1 par value 250,000 Preferred stock, $25 par value 1,250,000 Prepaid expenses 68,760 Equipment 1,386,000 Equity investments (trading) 375,000 Accumulated depreciationbuildings 361,200 Prepare a classied balance sheet in good form. Common stock authorized was 1,000,000 shares, and preferred stock authorized was 50,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of equity investments (trading) are the same