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

Sarasota Corporation

Balance Sheet

December $31,2025$

Current assets

$ $486,290$

Current liabilities

$ $381,290$

Investments

$641,290$

Long$-$term liabilities

$1,001,290$

Property, plant, and equipment

$1,721,290$

Stockholders$$ equity

$1,771,290$

Intangible assets

$305,000$ $$3,153,870$

$$3,153,870$

The following information is presented.

$1.$ The current assets section includes cash $$151,290,$ accounts receivable $$171,290$ less $$11,290$ for allowance for doubtful accounts, inventories $$181,290,$ and unearned rent revenue $$6,290.$ 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 $$41,290$; investments in common stock, short$-$term $$81,290$ and long$-$term $$271,290$; and bond sinking fund $$247,420.$ The cost and fair value of investments in common stock are the same.

$3.$ Property, plant, and equipment includes buildings $$1,041,290$ less accumulated depreciation $$361,290,$ equipment $$451,290$ less accumulated depreciation $$181,290,$ land $$501,290,$ and land held for future use $$270,000.$

$4.$ Intangible assets include a franchise $$166,290,$ goodwill $$101,290,$ and discount on bonds payable $$37,420.$

$5.$ Current liabilities include accounts payable $$141,290,$ notes payable$-$short$-$term $$81,290$ and long$-$term $$121,290,$ and income taxes payable $$37,420.$

$6.$ 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 $$351,290.$

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, Buildings, and Equipment. Enter account name only and do not provide the descriptive information provided in the question.$)$