Problem 5-4 The balance sheet of Riverbed Corporation as of December 31, 2020, is as follows. RIVERBED CORPORATION BALANCE SHEET DECEMBER 31, 2020 Assets s 125,090 Goodwill (Note 2) Buildings (Note 1) 1,640,000 Inventory 317,190 Land 950,000 Accounts receivable 175,090 Treasury stock (50,000 shares) 92,090 Cash on hand 180,990 Assets allocated to trustee for plant expansion Cash in bank 75,090 Debt investments (held-to-maturity) 143,090 $3,698,630 Equities s 605,090 Notes payable (Note 3) Common stock, authorized and issued, 1,000,000 shares, no par Retained earnings Noncontrolling interest Appreciation capital (Note 1) Income tax payable Reserve for depreciation recorded to date on the building 1,155,090 808,090 60,090 575,090 80,090 415,09C $3.698,630 Note 1: Buildings are stated at cost, except for one building that was recorded at appraised value. The excess of appraisal value over cost was $575,090. Depreciation has been recorded based on cost Note 2: Goodwill in the amount of $125,090 was recognized because the company believed that book value was not an accurate representation of the fair value of the company. The gain of $125,090 was credited to Retained Earnings. Note 3: Notes payable are long-term except for the current installment due of $100,000 Prepare a corrected classified balance sheet in good form. The notes above are for information only. (List Current Assets in order of liquidity.) RIVERBED CORPORATION Balance Sheet Assets Assets Allocated to Trustee for Expansion: Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work Problem 5-4 Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Advances to Employees Allowance for Doubtful Accounts Bonds Payable Bond Sinking Fund Buildings Cash Cash Surrender Value of Life Insurance Common Stock Construction in Process Copyrights Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Investments Finished Goods Franchises Goodwill Income Tax Payable Income Tax Receivable Interest Payable Interest Receivable Inventory Investments in Common Stock Investments in Stocks and Bonds Land Land Held for Future Use Notes Payable Notes Receivable Noncontrolling Interest Paid-in Capital in Excess of Par Common Stock Paid-in Capital in Excess of Par Preferred Stock Patents Payroll Tax Expense Payroll Taxes Payable Pension Liability Pension Obligation Plant Assets Premium on Bonds Payable Preferred Stock Preferred Stock Investments Prepaid Advertising Prepaid Insurance Prepaid Expenses Prepaid Rent Raw Materials Receivables-Officers Rent Payable Restricted Cash Retained Earnings Salaries and Wages Payable Supplies Timberland Treasury Stock Trademarks Trading Securities Unearned Service Revenue Unearned Rent Revenue Unearned Subscriptions Revenue Withholding Taxes Payable Work-in-Process