Presented below is the balance sheet of Rose Corporation for the current year, 2017 ROSE CORPORATION BALANCE SHEET DECEMBER 31, 2017 Current assets $ 487,550 Current liabilities $ 382,550 Investments 642,550 Long term liabilities 1,002,550 Property, plant, and equipment 1,722,550 Stockholders equity 1,772,550 Intangible assets 305,000 $3,157,650 $3,157,650 The following information is presented 1 The current assets section includes cash $152,550, accounts receivable $172,550 less $12,550 for allowance for doubtful accounts, inventories $182,550, and unearned rent revenue $7,550 Inventory is stated on the lower of FIFO cost or market 2 The investments section includes the cash surrender value of a life insurance contract $42,550 investments in common stock, short term $82,550 and long term $272,550 and bond sinking fund $244,900 The cost and fair value of investments in common stock are the same 3 Property, plant, and equipment includes buildings $1,042,550 less accumulated depreciation $362,550, equipment $452,550 less accumulated depreciation $182,550, land $502,550, and land held for future use $270,000 4 Intangible assets include a franchise $167,550, goodwill $102,550, and discount on bonds payable $34,900 5 Current liabilities include accounts payable $142,550, notes payable short term $82,550 and long term $122,550, and income taxes payable $34,900 6 Long term liabilities are composed solely of 7 bonds payable due 2025 7 Stockholders equity has preferred stock, no par value, authorized 200,000 shares, issued 72,550 shares for $435,300, and common stock, $1 00 par value, authorized 400,000 shares, issued 102,550 shares at an average price of $10 In addition, the corporation has retained earnings of $311,750 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 )

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Presented below is the balance sheet of Rose Corporation for the current year, 2017. ROSE CORPORATION BALANCE SHEET DECEMBER 31, 2017 Current assets $ 487,550

Presented below is the balance sheet of Rose Corporation for the current year, 2017.

ROSE CORPORATION BALANCE SHEET DECEMBER 31, 2017
Current assets	$ 487,550	Current liabilities	$ 382,550
Investments	642,550	Long-term liabilities	1,002,550
Property, plant, and equipment	1,722,550	Stockholders equity	1,772,550
Intangible assets	305,000		$3,157,650
	$3,157,650

The following information is presented.

1.		The current assets section includes cash $152,550, accounts receivable $172,550 less $12,550 for allowance for doubtful accounts, inventories $182,550, and unearned rent revenue $7,550. Inventory is stated on the lower-of-FIFO-cost-or-market.
2.		The investments section includes the cash surrender value of a life insurance contract $42,550; investments in common stock, short-term $82,550 and long-term $272,550; and bond sinking fund $244,900. The cost and fair value of investments in common stock are the same.
3.		Property, plant, and equipment includes buildings $1,042,550 less accumulated depreciation $362,550, equipment $452,550 less accumulated depreciation $182,550, land $502,550, and land held for future use $270,000.
4.		Intangible assets include a franchise $167,550, goodwill $102,550, and discount on bonds payable $34,900.
5.		Current liabilities include accounts payable $142,550, notes payable-short-term $82,550 and long-term $122,550, and income taxes payable $34,900.
6.		Long-term liabilities are composed solely of 7% bonds payable due 2025.
7.		Stockholders equity has preferred stock, no par value, authorized 200,000 shares, issued 72,550 shares for $435,300, and common stock, $1.00 par value, authorized 400,000 shares, issued 102,550 shares at an average price of $10. In addition, the corporation has retained earnings of $311,750.

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.)