S Kieso, Intermediate Accounting, 16e "actice Assignment Gradebook ORION Downloadable eTextbook gnment S Problem 5-7 (Part Level Submission) Monty Inc. had the following balance sheet at December 31, 2016. 1 Cash Accounts receivable Investments Plant assets (net) o question with available attempts MONTY INC. BALANCE SHEET DECEMBER 31, 2016 $ 25,180 Accounts payable 26,380 Bonds payable 32,000 Common stock 86,180 Retained earnings 45,180 $214,920 $ 35,180 46,180 105,180 28,380 $214,920 During 2017, the following occurred. 1. Monty liquidated its available for sale investment portfolio at a loss of $10,150 2. Atract of land was purchased for $43.150. An additional $30.000 in common stock was issued at par 4 Dividends totaling $15.180 were declared and paid to stockholders 5 Net income for 2017 was 540.180. Including 5.7.150 in depreciation expense. 6 Land was purchased through the issuance of 535.180 in additional bonds 7 At December 31, 2017 Cash was 575.380, Accounts Receivable was $47.180. and Accounts Payable was 545.180. here to search CALCULATOR FULL SCREEN Attempts: 4 OT 4 usea RCES ent 5 55.1 (b) Prepare the unclassified balance sheet as it would appear at December 31, 2017. (Lis MONTY INC. Balance Sheet December 31, 2017 t Level Assets $ by Study Liabilities and Stockholders' Equity Type here to search i c