Sage Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion.

SAGE COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020
Current assets
Cash		$234,500
Accounts receivable (net)		344,500
Inventory (lower-of-average-cost-or-market)		405,500
Equity investments (marketable)-at cost (fair value $124,500)		144,500
Property, plant, and equipment
Buildings (net)		574,500
Equipment (net)		164,500
Land held for future use		179,500
Intangible assets
Goodwill		84,500
Cash surrender value of life insurance		94,500
Prepaid expenses		16,500
Current liabilities
Accounts payable		139,500
Notes payable (due next year)		129,500
Pension obligation		86,500
Rent payable		53,500
Premium on bonds payable		57,500
Long-term liabilities
Bonds payable		504,500
Stockholders equity
Common stock, $1.00 par, authorized 400,000 shares, issued 294,500		294,500
Additional paid-in capital		164,500
Retained earnings		?

Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $164,500 and for the equipment, $109,500. The allowance for doubtful accounts has a balance of $21,500. 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.)