resented below is the balance sheet of Sargent Corporation for the current year FLINT CORPORATION BALANCE SHEET DECEMBER 31, 2017 Cure Investments Property, plant, and equipment Intangible assets 301,290 641,290 Long-term labilities 1,001,290 1,721,290 Stockholders' equity 1,771,290 $3,153,870 486,290 Current iablities 305,000 $3,153,870 The following information is presented 1. The current assets section includes cash $151.290, accounts receivable $171,290 less $11,290 for allowance for doubth accounts, inventories $181,290, and uneaned rent revenue $6,290. Iiventory is The investments section includes the cash surrender value of a life insurance cont and bond sinking fund $247 420. The cost and fair value of investments in common stock are the same. act $41,290; investments in common stock, short-term $81,290 and kong term $271.290; depreciation $361,290, eqipment $451,290 less accumudated depredation $181.290, land 3. Property, plant, and equipment incdudes buildings $1,041,290 less accumulated $501,290, and land held for future use $270,000. Intangble assets nclude a franchise s166,290, goodwil $101.290, and dscount on bonds payable $37,420 d discount on bonds payable $37,420 S. Current labilities inckade accounts payable 6. Long term $81,290 $141,290. notes payable-short-term $81,290 and long term %121,290-and reome taxes payable $37,420. term kabites are composed solely of 7% bonds payable due 2025. authonzed 400,00o has prefstred tock, no par value, authorized 200,00 shares, issued 71,.290 shares for $427,740, and common stocdk, $1.00 par value authorized 400,000 shares, issued 101,290 shares at an average price of $10. In addition, the corporation has retained eanings of $330,650. Prepare a balance sheet in good form, adjusting the amounts in each balance sh liquidity, List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account provided in the question.) eet dassfication as affected by the information given above, (List Current Assets in order of name only and do not provide the descriptive information FLINT CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity