Presented below is the balance sheet of Riverbed Corporation for the current year, 2020 RIVERBED CORPORATION BALANCE SHEET DECEMBER 31, 2020 Current assets $ 489,470 Current liabilities Investments 644,470 Long-term liabilities Property, plant, and equipment 1,724,470 Stockholders' equity Intangible assets 305,000 $3,163,410 $ 384,470 1,004,470 1,774,470 $3,163,410 The following information is presented. 1. 2. mmon 3. The current assets section includes cash $154,470, accounts receivable $174.470 less $14,470 for allowance for doubtful accounts, inventories $184,470, and unearned rent revenue $9,470. Inventory is stated on the lower-of-FIFO-cost-or-net realizable value The investments section includes the cash surrender value of a life insurance contract $44,470; investments in comm stock, short-term $84,470 and long-term $274,470; and bond sinking fund $241,060. The cost and fair value of investments in common stock are the same. Property, plant, and equipment includes buildings $1,044,470 less accumulated depreciation $364.470, equipment $454,470 less accumulated depreciation $184,470, land $504,470, and land held for future use $270,000. Intangible assets include a franchise $169,470, goodwill $104,470, and discount on bonds payable $31,060. Current liabilities include accounts payable $144,470, notes payable-short-term $84,470 and long-term $124,470, and income taxes payable $31,060. Long-term liabilities are composed solely of 7% bonds payable due 2028. Stockholders' equity has preferred stock, no par value, authorized 200,000 shares, issued 74,470 shares for $446,820, and common stock, $1.00 par value, authorized 400,000 shares, issued 104,470 shares at an average price of $10. In addition, the corporation has retained earnings of $282,950. 4. 5. 6. 7. Prepare a balance sheet in good form, adjusting the amounts in each balance sheet classification as affected by the information given above. (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.)