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Sunland Company Balance Sheet For the Year Ended 2025 Current assets Cash Accounts receivable (net) Inventory (lower-of-cost-or-net realizable value) Equity investments (to be sold in

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Sunland Company Balance Sheet For the Year Ended 2025 Current assets Cash Accounts receivable (net) Inventory (lower-of-cost-or-net realizable value) Equity investments (to be sold in the next year)-at cost (fair value $127,000 ) 147,000 Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use 182,000 Intangible assets Goodwill Held-to maturity debt investment Prepaid expenses 19,000 Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 60.000 Long-term liabilities Bonds payable 507,000 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 297,000297,000 Qaid-in capital in excess of par 167,000 Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $167,000 and for the equipment, $112,000. The allowarce for doubtful accounts has a balance of $24.000. The nension oblieation is considered a long-term liahility. fl ist. Current-Assets in uestion 3 of 8 /1.25 11.25

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