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Presented below is the trial balance of Bramble Corporation at December 31, 2017. Debit Credit Cash $ 199,490 Sales $ 8,103,530 Debt Investments (trading) (cost,

Presented below is the trial balance of Bramble Corporation at December 31, 2017.

Debit

Credit

Cash

$ 199,490

Sales

$ 8,103,530

Debt Investments (trading) (cost, $145,000)

156,530

Cost of Goods Sold

4,800,000

Debt Investments (long-term)

301,490

Equity Investments (long-term)

279,490

Notes Payable (short-term)

93,530

Accounts Payable

458,530

Selling Expenses

2,003,530

Investment Revenue

66,610

Land

263,530

Buildings

1,042,490

Dividends Payable

138,490

Accrued Liabilities

99,530

Accounts Receivable

438,530

Accumulated Depreciation-Buildings

152,000

Allowance for Doubtful Accounts

28,530

Administrative Expenses

903,610

Interest Expense

214,610

Inventory

599,490

Gain (extraordinary)

83,610

Notes Payable (long-term)

902,490

Equipment

603,530

Bonds Payable

1,002,490

Accumulated Depreciation-Equipment

60,000

Franchises

160,000

Common Stock ($5 par)

1,003,530

Treasury Stock

194,530

Patents

195,000

Retained Earnings

80,490

Paid-in Capital in Excess of Par

82,490

Totals

$12,355,850

$12,355,850

Prepare a balance sheet at December 31, 2017, for Bramble Corporation. (Ignore income taxes). (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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