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Presented below is the trial balance of Marigold Corporation at December 31, 2017. Debit Credit Cash $ 200,620 Sales $ 8,104,760 Debt Investments (trading) (cost,

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

Debit

Credit

Cash

$ 200,620

Sales

$ 8,104,760

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

157,760

Cost of Goods Sold

4,800,000

Debt Investments (long-term)

302,620

Equity Investments (long-term)

280,620

Notes Payable (short-term)

94,760

Accounts Payable

459,760

Selling Expenses

2,004,760

Investment Revenue

66,470

Land

264,760

Buildings

1,043,620

Dividends Payable

139,620

Accrued Liabilities

100,760

Accounts Receivable

439,760

Accumulated Depreciation-Buildings

152,000

Allowance for Doubtful Accounts

29,760

Administrative Expenses

903,470

Interest Expense

214,470

Inventory

600,620

Gain (extraordinary)

83,470

Notes Payable (long-term)

903,620

Equipment

604,760

Bonds Payable

1,003,620

Accumulated Depreciation-Equipment

60,000

Franchises

160,000

Common Stock ($5 par)

1,004,760

Treasury Stock

195,760

Patents

195,000

Retained Earnings

81,620

Paid-in Capital in Excess of Par

83,620

Totals

$12,368,600

$12,368,600

Prepare a balance sheet at December 31, 2017, for Marigold 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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