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Presented below is the trial balance of Scott Butler Corporation at December 31, 2020. Credit Debit S 197,000 Cash Sales $8,100,000 Debt Investments (trading) (at

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Presented below is the trial balance of Scott Butler Corporation at December 31, 2020. Credit Debit S 197,000 Cash Sales $8,100,000 Debt Investments (trading) (at cost, $145,000) 153,000 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 299,000 Equity Investments (long-term) 277,000 Notes Payable (short-term) 90,000 Accounts Payable 455,000 Selling Expenses 2,000,000 Investment Revenue 63,000 Land 260,000 Buildings 1,040,000 Dividends Payable 136,000 Accrued Liabilities 96,000 Accounts Receivable 435,000 Accumulated Depreciation- Buildings 152,000 Allowance for Doubtful Accounts 25,000 Administrative Expenses 900,000 211,000 Interest Expense 597,000 Inventory Gain 80,000 Notes Payable (long-term) 900,000 Equipment 600,000 Bonds Payable 1,000,000 Accumulated Depreciation- Equipment 60,000 160,000 Franchises Common Stock ($5 par) 1,000,000 Treasury Stock 191,000 Patents 195,000 Retained Earnings 78,000 80,000 Paid-in Capital in Excess of Par $12,315,000 $12,3 15,000 Totals Prepare a balance sheet at December 31, 2020, for Scott Butler 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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