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Presented below is the balance sheet of Pronghoen Corporation for the current year, 2025 . The following information is presented. 1. The current assets section

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Presented below is the balance sheet of Pronghoen Corporation for the current year, 2025 . The following information is presented. 1. The current assets section includes cash $154,870, accounts receivable $174,870 less $14,870 for allowance for doubthul accounts, inventories $184,870, and unearned rent revenue $9,870. 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 $44,870, imvestments in common stock, short-term \$84,870 and long-term \$274,870, and bond sinking fund $240,260. The cost and fair value of irvestments in common stock are the same. 3. Property, plant, and equipment includes buildings $1.044,870 less accumula4ed depreciation $364,870, equipment $454,870 less accumulated depreciation $184,870, land $504,870, and land heid for future use $270,000. 4. Intangible assets include a franchise $169,870, goodwill $104,870, and discount on bonds paryble $30,260. 5. Current liabilities include accounts payable $144,870, notes payable-short-term $84,870 and long-term $124,870, and income taxes payable $30,260. 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 shures for $420,000; and common stock, $1 par value, autherized 400,000 shares, issued 100,000 shares at an average price of $10, In addition the corporation has retained earnings of $354,870. Prepare a balance sheet in good form, adjusting the amounts in each balance sheet classification as affected by the information given above. flat Current Assets in order af liquidity List Property. Plant, and Equipment in order of Lond Buildings, and Equipment. Enter occount name anly and do not provide the descriptive information provided in the auestion)

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