Presented below is the trial balance of Kingbird Corporation at December 31, 2017. Debits Credits Cash $ 101,440 Sales $4,052,810 Trading Securities (at cost, $145,000) 79,310 Cost of Goods Sold 2,400,000 Long-term Investments in Bonds 152,440 Long-term Investments in Stocks 141,440 Short-term Notes Payable 47,810 Accounts Payable 230,310 Selling Expenses 1,002,810 Investment Revenue 35,760 Land 132,810 Buildings 522,940 Dividends Payable 70,940 Accrued Liabilities 50,810 Accounts Receivable 220,310 Accumulated Depreciation-Buildings 76,000 Allowance for Doubtful Accounts 15,310 Administrative Expenses 454,260 Interest Expense 109,760 Inventories 301,440 Gain on Sale of Investments 44,260 Prior Period Adjustment-Depr. Error 70,000 Long-term Notes Payable 452,940 Equipment 302,810 Bonds Payable 502,940 Accumulated Depreciation-Equipment 30,000 Franchise (net of $80,000 amortization) 80,000 Common Stock ($5 par) 502,810 Treasury Stock 98,310 Patents (net of $30,000 amortization) 97,500 Retained Earnings 111,940 Additional Paid-in Capital 42,940 Totals $6,267,580 $6,267,580 Prepare a balance sheet at December 31, 2017, for Kingbird 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.) KINGBIRD CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity