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Sarasota Company Balance Sheet For the Year Ended 2025 Current assets Cash $231,500 Accounts receivable (net) 341,500 Inventory (lower-of-cost-or-net realizable value) 402,500 Equity investments (to
Sarasota Company Balance Sheet For the Year Ended 2025 Current assets Cash $231,500 Accounts receivable (net) 341,500 Inventory (lower-of-cost-or-net realizable value) 402,500 Equity investments (to be sold in the next year) - at cost (fair value $121,500 ) 141,500 Property, plant, and equipment Buildings (net) 571,500 Equipment (net) 161,500 Land held for future use 176,500 Intangible assets Goodwill 81,500 Held-to maturity debt investment 91,500 Prepaid expenses 13,500 Current liabilities Accounts payable 136,500 Notes payable (due next year) 126,500 Pension obligation 83,500 Rent payable Premium on bonds payable 54,500 Long-term liabilities Bonds payable 501,500 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 291,500291,500 Paid-in capital in excess of par 161,500 Retained earnings ? balance Sheet December 31,2025 Assets Current Assets Cash Accounts Receivable $341500 Less : Allowance for Doubtful Accounts \begin{tabular}{|} \hline 18500i \\ \hline \end{tabular} \begin{tabular}{|} \hline 323000 \\ \hline \end{tabular} Prepaid Expenses Equity Investments Total Current Assets Long-term Investments Land Held for Future Use 176500 Debt Investments Total Long-term Investments Property, Plant, and Equipment Buildings \begin{tabular}{|} \hline 71500 \\ \hline \end{tabular} Less : Accumulated Depreciation-Buildings \begin{tabular}{|l|l|} \hline 161500 & i \\ \hline \end{tabular} \begin{tabular}{|} \hline 410000 \\ \hline \end{tabular} Equipment 161500 Less : Accumulated Depreciation-Equipment \begin{tabular}{|l|l|} \hline 106500 \\ \hline \end{tabular} \begin{tabular}{|} \hline 55000 \\ \hline \end{tabular} Total Property, Plant, and Equipment Intangible Assets Goodwill Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $136500 Notes Payable 12650050500 Total Current Liabilities Long-term Liabilities Bonds Payable $501500 Add : Premium on Bonds Payable 54500 Pension Obligation Total Liabilities Stockholders' Equity Common Stock 291500 Additional Paid-in Capital Retained Earnings \begin{tabular}{|} \hline 520500 \\ \hline \end{tabular} Total Stockholders' Equity Total Liabilities and Stockholders' Equity
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