Presented below is the balance sheet of Monty Corporation for the current year, $2025.$

Monty Corporation

Balance Sheet

December $31,2025$

Current assets

$ $488,530$

Current liabilities

$ $383,530$

Investments

$643,530$

Long$-$term liabilities

$1,003,530$

Property, plant, and equipment

$1,723,530$

Stockholders$$ equity

$1,773,530$

Intangible assets

$305,000$ $$3,160,590$

$$3,160,590$

The following information is presented.

$1.$ The current assets section includes cash $$153,530,$ accounts receivable $$173,530$ less $$13,530$ for allowance for doubtful accounts, inventories $$183,530,$ and unearned rent revenue $$8,530.$ Inventory is stated on the lower$-$of$-$FIFO$-$cost$-$or$-$net realizable value.

$2.$ The investments section includes the cash surrender value of a life insurance contract $$43,530$; investments in common stock, short$-$term $$83,530$ and long$-$term $$273,530$; and bond sinking fund $$242,940.$ The cost and fair value of investments in common stock are the same.

$3.$ Property, plant, and equipment includes buildings $$1,043,530$ less accumulated depreciation $$363,530,$ equipment $$453,530$ less accumulated depreciation $$183,530,$ land $$503,530,$ and land held for future use $$270,000.$

$4.$ Intangible assets include a franchise $$168,530,$ goodwill $$103,530,$ and discount on bonds payable $$32,940.$

$5.$ Current liabilities include accounts payable $$143,530,$ notes payable$-$short$-$term $$83,530$ and long$-$term $$123,530,$ and income taxes payable $$32,940.$

$6.$ Long$-$term liabilities are composed solely of $7\%$ bonds payable due $2033.$

$7.$ Stockholders$$ equity has preferred stock, no par value, authorized $200,000$ shares, issued $70,000$ shares for $$420,000$; and common stock, $$1$ par value, authorized $400,000$ shares, issued $100,000$ shares at an average price of $$10.$ In addition, the corporation has retained earnings of $$353,530.$

Prepare a balance sheet in good form, adjusting the amounts in each balance sheet classification as affected by the information given above.