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

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Sage Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in a to obtain additional funds for expansion. $241,500 351,500 412,500 151,500 581,500 171,500 186,500 SAGE COMPANY BALANCE SHEET FOR THE YEAR ENDED 2017 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $131,500) 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, 51.00 pat authorized 400.000 shares, issued 301.500 Additional paid in capital Retained earnings 91,500 101,500 23,500 146,500 136,500 93,500 60.500 64,500 511,500 301.500 171.500 Prepare a revited balance sheet glven the available information. Assume that the accumulated depreciation balance for the buildings is 5171.500 and for the equipment. $116.500. The allowance for doubtful accounts has balance of $29.500. The pension obligation is considered a long-term lability. (List Current Assets in order of liquidity. List Property. Plant and Equipment in order of Ruildings and woment EnterCount name only and do not b e SAGE COMPANY Balance Sheet December 31, 2017 Assets Current Assets Cash 241500 Equity Investments 412500 Accounts Receivable 351500 Less . Allowance for Doubtful Accounts Equity Investments Prepaid Expenses Total Current Assets Long-term Investments Land Cash Surrender Value of Life Insurance Total Long-term Investments Property, plant and Equipment Buildings Less Accumulated Depreciation Building Equipment Less Accumulated Depreciation Equipment Total Property Plant and Equipment Intangible Assets Liabilities and Stockholders' Equity Less . Accumulated Depreciation Equipment Total Property, Plant and Equipment Intangible Assets Goodwill Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Notes Payable Rent Payable Total Current Liabilities Long-term Liabilities Accounts Payable Add Premium on Bonds Payable Pension Obligation Total Liabilities Stockholders' Equity Common Stock Additional Paid-in Capital Pald-in Capital in Excess of Par. Preferred Stock Total Stockholders Equity Total abilities and Stockholdere Euty Click if you would like to show Work for this questioni

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