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

NOVAK CORPORATION BALANCE SHEET DECEMBER 31, 2017
Current assets		$ 489,990		Current liabilities		$ 384,990
Investments		644,990		Long-term liabilities		1,004,990
Property, plant, and equipment		1,724,990		Stockholders equity		1,774,990
Intangible assets		305,000				$3,164,970
		$3,164,970

The following information is presented.

1.		The current assets section includes cash $154,990, accounts receivable $174,990 less $14,990 for allowance for doubtful accounts, inventories $184,990, and unearned rent revenue $9,990. 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 $44,990; investments in common stock, short-term $84,990 and long-term $274,990; and bond sinking fund $240,020. The cost and fair value of investments in common stock are the same.
3.		Property, plant, and equipment includes buildings $1,044,990 less accumulated depreciation $364,990, equipment $454,990 less accumulated depreciation $184,990, land $504,990, and land held for future use $270,000.
4.		Intangible assets include a franchise $169,990, goodwill $104,990, and discount on bonds payable $30,020.
5.		Current liabilities include accounts payable $144,990, notes payable-short-term $84,990 and long-term $124,990, and income taxes payable $30,020.
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 74,990 shares for $449,940, and common stock, $1.00 par value, authorized 400,000 shares, issued 104,990 shares at an average price of $10. In addition, the corporation has retained earnings of $275,150.

Prepare a balance sheet in good form, adjusting the amounts in each balance sheet classification as affected by the information given above.