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

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Sheridan Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. 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) Pension obligation Rent payable Premium on bonds payable Long-term liabilities Bonds payable 504,500 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 294,500294,500 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.) Liabilities and Stockholders' Equity 5 $

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