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Presented below is the trial balance of scott butler corporation at December 3 1 , 2 0 1 4 . Cash $ 1 9 7

Presented below is the trial balance of scott butler corporation at December 31,2014. Cash $ 197,000
Sales Revenue $ 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 DepreciationBuildings 152,000
Allowance for Doubtful Accounts 25,000
Administrative Expenses 900,000
Interest Expense 211,000
Inventory 597,000
Gain (extraordinary)80,000
Notes Payable (long-term)900,000
Equipment 600,000
Bonds Payable 1,000,000
Accumulated DepreciationEquipment 60,000
Franchises 160,000
Common Stock ($5 par)1,000,000
Treasury Stock 191,000
Patents 195,000
Retained Earnings 78,000
Paid-in Capital in Excess of Par 80,000
Totals $12,315,000 $12,315,000
 prepare a balance sheet at December 31,2014, for scott butler corporation. (ignore income taxes) 

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