Presented below is the trial balance of Sheffield Corporation at December 31, 2020. Debit Credit Cash $ 200,110 Sales $ 8,104,460 Debt Investments (trading) (at cost, $145,000) 157,460 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 302,110 Equity Investments (long-term) 280,110 Notes Payable (short-term) 94,460 Accounts Payable 459,460 Selling Expenses 2,004,460 Investment Revenue 66,370 Land 264,460 Buildings 1,043,110 Dividends Payable 139,110 Accrued Liabilities 100,460 Accounts Receivable 439,460 Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings 439,460 100,460 152,000 Allowance for Doubtful Accounts 29,460 Administrative Expenses 903,370 Interest Expense 214,370 Inventory 600,110 Gain 83,370 Notes Payable (long-term) 903,110 Equipment Bonds Payable 604,460 1,003,110 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Common Stock ($5 par). 1,004,460 Treasury Stock 195,460 Patents 195,000 Retained Earnings 81,110 Paid-in Capital in Excess of Par 83,110 Paid-in Capital in Excess of Par Totals 83,110 $12,364,050 $12,364,050 Prepare a balance sheet at December 31, 2020, for Sheffield 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.) Current Assets Cash Debt Investments Accounts Receivable Less : Allowance for Doubtful Accounts Inventory Total Current Assets Long-term Investments i SHEFFIELD CORPORATION Balance Sheet December 31, 2020 Assets Debt Investments Equity Investments Total Long-term Investments Property, Plant and Equipment Land Buildings Less : Accumulated Depreciation-Buildings Equipment Less Accumulated Depreciation-Equipment Total Property, Plant and Equipment Intangible Assets Franchises Total Intangible Assets Total Assets Current Liabilities Liabilities and Stockholders' Equity Accounts Payable Notes Payable Dividends Payable Accrued Liabilities Total Current Liabilities Long-term Liabilities Notes Payable Bonds Payable Totalfotermiabilities Inds Payable Total Long-term Liabilities Total Liabilities Stockholders' Equity Paid-in Capital Common Stock Additional Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less Treasury Stock Total Stockholders' Equity Total Liabilities and Stockholders' Equity