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

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Skysong Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. Question 2 of 9 Goodwill 87,500 Held-to maturity debt investment 97.500 Prepaid expenses 19,500 Current liabilities Accounts piayable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 60.500 Long-term liabilities Bonds payable 507,500 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 297,500 297.500 Paid-in capital in excess of par 167,500 Retainedearnings Prepare a revised balance sheet given the avaliable information. Assume that the accumulated depreciation balance for the buildings is $167,500 and for the equipment, $112,500. The allowance for doubtful accounts has a balance of $24,500. 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.) Question 2 of 9 /1 Question 2 of 9 11: Liabilities and Stockholders' Equity Question 2 of 9 Liabilities and Stockholders' Equity $ 5 Question 2 of 9 11: eTextbook and Media List of Accounts

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