PRONGHORN COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash $237,000 Accounts receivable (net) 347,000 Inventory (lower-of-average-cost-or-market) 408,000 Equity investments (marketable)-at cost (fair value $127,000) 147,000 Property, plant, and equipment Buildings (net) 577,000 Equipment (net) 167,000 Land held for future use 182,000 Intangible assets Goodwill 87.000 Cash surrender value of life insurance 97.000 Prepaid expenses 19.000 Current liabilities Accounts payable 142.000 Notes payable (due next year) 132,000 132,000 Notes payable (due next year) 89,000 Pension obligation 56,000 Rent payable 60,000 Premium on bonds payable Long-terit liabilities Bonds payable 507.000 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 297.000 297,000 Additional paid-in capital 167.000 Retained earnings Assets I Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity - I Question 1 of 1 eterson andra 5 UT A 6 8 7 3 8 1 0 9 W E R T Y U 1 o P S D F G G H . J L > C V B N M M V. * command Command Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $167.000 and for the equipment, $112,000. The allowance for doubtful accounts has a balance of $24,000. The pension obligation is considered a long-term liability (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) PRONGHORN COMPANY Balance Sheet Assets PRONGHORN COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash $237,000 Accounts receivable (net) 347,000 Inventory (lower-of-average-cost-or-market) 408,000 Equity investments (marketable)-at cost (fair value $127,000) 147,000 Property, plant, and equipment Buildings (net) 577,000 Equipment (net) 167,000 Land held for future use 182,000 Intangible assets Goodwill 87.000 Cash surrender value of life insurance 97.000 Prepaid expenses 19.000 Current liabilities Accounts payable 142.000 Notes payable (due next year) 132,000 132,000 Notes payable (due next year) 89,000 Pension obligation 56,000 Rent payable 60,000 Premium on bonds payable Long-terit liabilities Bonds payable 507.000 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 297.000 297,000 Additional paid-in capital 167.000 Retained earnings Assets I Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity - I Question 1 of 1 eterson andra 5 UT A 6 8 7 3 8 1 0 9 W E R T Y U 1 o P S D F G G H . J L > C V B N M M V. * command Command Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $167.000 and for the equipment, $112,000. The allowance for doubtful accounts has a balance of $24,000. The pension obligation is considered a long-term liability (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) PRONGHORN COMPANY Balance Sheet Assets