Problem 122 The following balance sheet was prepared by the bookkeeper for Kraus Company as of December 31, 2017. Kraus Company Balance Sheet as of December 31, 2017 Cash Accounts receivable (net) Inventory Investments Equipment (net) Patents $90,050 Accounts payable $94,980 100,000 51,190 Bonds payable 59,860 Stockholders' equity 219,650 76,690 106,300 30,540 $414,630 $414,630 The following additional information is provided: 1. Cash includes the cash surrender value of a life insurance policy $9,550, and a bank overdraft of $2,120 has be 2. The net accounts receivable balance includes: (a) accounts receivable-debit balances $59,490; (b) accounts receivable-credit balances $4,130; (c) allowance for doubtful accounts $4,170. 3. Inventory does not include goods costing $3,070 shipped out on consignment. Receivables of $3,070 were recor 4. Investments include investments in common stock, trading $17,510 and available-for-sale $50,330, and franchis 5. Equipment costing $5,460 with accumulated depreciation $4,460 is no longer used and is held for sale. Accumul Prepare a balance sheet in good form. (List Assets in order of liquidity.) Kraus Company Balance Sheet