Presented is the adjusted trial balance of Scott Butler Corporation at December 31, 2020. Debit Credit Cash $ 197,000 Trading Debt Securities (fair value, $153,000) 145,000 Fair Value Adjustment – Trading Debt Securities 8,000 Accounts Receivable 435,000 Allowance for Doubtful Accounts $ 25,000 Inventory (net realizable value, $600,000) 597,000 Available-for-sale Equity Securities (fair value, $278,000) 266,000 Fair Value Adjustment – Available-for-sale Equity Securities 12,000 Held-to-maturity Debt Securities (fair value, $296,000) 299,000 Equipment 600,000 Accumulated Depreciation – Equipment 60,000 Buildings 1,040,000 Accumulated Depreciation – Buildings 152,000 Land 280,000 Patents, (net of accumulated amortization) 195,000 Franchises (net of accumulated amortization) 160,000 Notes Payable - Chase 90,000 Accounts Payable 136,000 Pension Liability 455,000 Accrued Liabilities 96,000 Notes Payable - Mellon 1,000,000 Bonds Payable 920,000 Discount on Bonds Payable 193,000 Deferred Income Tax Liability 3,000 Common Stock 1,000,000 Paid-in Capital in Excess of Par Value 80,000 Treasury Stock 19,000 Retained Earnings 115,000 Dividends 27,000 Sales 8,100,000 Cost of Goods Sold 4,800,000 Selling Expenses 2,000,000 Administrative Expenses 950,000 Dividend Revenue 124,000 Interest Expense 218,000 Unrealized Holding Gain on Trading Securities – Income 8,000 Unrealized Holding Gain on AFS Securities – Equity 12,000 Interest Revenue 87,000 Gain on Sale of Intangible Assets 63,000 Income Tax Expense 82,000 Deferred Income Tax Expense 3,000 Total $ 12,526,000 $ 12,526,000 Additional information: The notes payable to Chase is short-term. The notes payable to Mellon is long-term. The company’s bonds are due in 5 years. Of the company’s $5 par value common stock, there are 1,000,000 shares authorized, 200,000 shares issued, and 159,000 shares outstanding. The company did not issue or buy back any stock during the year. Prepare a classified balance sheet. Prepare a statement of comprehensive income. Round EPS to 2 decimal places. Prepare a statement of stockholders’ equity. Answer