Pronghorn Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion PRONGHORN COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets $231,500 341,500 402.500 141,500 571,500 161,500 176,500 81,500 91,500 13,500 Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable) at cost (fair value $121,500) 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 291,500 Additional paid-in capital Retained earnings 136,500 126,500 83,500 50,500 54,500 501,500 291,500 161,500 ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $161,500 and for the equipment, $106,500. The allowance for doubtful accounts has a balance of $18,500. 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.) Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $161,500 and for the equipment, $106,500. The allowance for doubtful accounts has a balance of $18,500. 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 For the Year Ended December 31, 2020 Assets $ 231500 12 1500 $ 360000 for Doubtful Accounts 18500 341500 402500 13500 $ 121500 Insurance 91500 t V 733000 ted Depreciation-Buildings 161500 571500 268000 ted Depreciation Equipment 106500 161500 176500 81500 $ 2193000 Liabilities and Stockholders' Equity $ 136500 126500 50500 $ 501500 on Bonds Payable 54500 54600 556000 63900 953000 291500 161500 787000 1240000 $ ders' Equity 2193000