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

PEARL CORPORATION BALANCE SHEET DECEMBER 31, 2017
Current assets		$ 487,480		Current liabilities		$ 382,480
Investments		642,480		Long-term liabilities		1,002,480
Property, plant, and equipment		1,722,480		Stockholders equity		1,772,480
Intangible assets		305,000				$3,157,440
		$3,157,440

The following information is presented.

1.		The current assets section includes cash $152,480, accounts receivable $172,480 less $12,480 for allowance for doubtful accounts, inventories $182,480, and unearned rent revenue $7,480. 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 $42,480; investments in common stock, short-term (trading) $82,480 and long-term (available-for-sale) $272,480; and bond sinking fund $245,040. The cost and fair value of investments in common stock are the same.
3.		Property, plant, and equipment includes buildings $1,042,480 less accumulated depreciation $362,480, equipment $452,480 less accumulated depreciation $182,480, land $502,480, and land held for future use $270,000.
4.		Intangible assets include a franchise $167,480, goodwill $102,480, and discount on bonds payable $35,040.
5.		Current liabilities include accounts payable $142,480, notes payable-short-term $82,480 and long-term $122,480, and income taxes payable $35,040.
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 72,480 shares for $434,880, and common stock, $1.00 par value, authorized 400,000 shares, issued 102,480 shares at an average price of $10. In addition, the corporation has retained earnings of $312,800.

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.)