Problem 2 Scott Butler Company prepared the following Balance sheet: Working Capital $ 22,800 Noncurrent Liabilities $ 62,000 Other Assets 152,000 Shareholder's Equity 112,800 Total $ 174,800 Total $ 174,800 An analysis prepared by your of these accounts reveals the following information: 1. Working Capital consists of: Land $ 12,000 Accounts due from customers 18,000 Accounts due to supplies (22,700) Inventories, including office supplies of $3,500 35,500 Income taxes owed (16,400) Wages owed (3,600) Note owed to bank (due December 31, 2024) (17,000) Securities held as a short-term investment 17,000 Total $ 22,800 2. Other Assets include: Cash $ 12,300 Prepaid Insurance 2,400 Buildings and equipment 100,000 Discount on Bonds Payable 3,000 Investment in available for sale securities 29,000 Treasury Stock (at Cost) 5,300 Total $ 152,000 3. Noncurrent liabilities consist of: Bonds payable (due 2028) $ 33,000 Allowance for doubtful accounts 1,400 Additional paid-in capital on preferred stock 2,600 Common stock, $5 par 25,000 Total $ 62,000 4. Shareholder's equity includes: Accumulated depreciation: Buildings and equipment $ 40,000 Preferred Stock, $100 par 12,000 Additional paid-in capital on common stock 15,600 Retained earnings 40,000 Accrued pension cost 6,500 Unrealized decrease in value of available for sale securities (1,300) Total $ 112,800 Scott Butler Company Balance Sheet for Year Ended December 31, 2020 Instructions: Based on your analysis prepare a properly classified balance with parenthetic notes as applicable.