PRONGHORN COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets $232,500 342,500 403,500 142,500 572,500 162,500 177,500 82,500 92,500 14,500 Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $122.500) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable Long-term liabilities Bonds payable Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 292,500 Additional paid-in capital Retained earnings 137,500 127,500 84,500 51,500 55,500 502,500 292,500 162,500 ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $162,500 and for the equipment, $107,500. The allowance for doubtful accounts has a balance of $19,500. 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 December 31, 2020 Assets Current Assets Cash $ Accounts Receivable S > Liabilities and Stockholders' Equity $ $