Surning- $ 241,000 Prepare a balance sheet as of June 30, for the J. L. Gregory Company, using the following data: Accounts payable Cash 89,000 PAccounts receivable 505,000 AEquipment (at cost) 761,000 Accrued expenses 107,000 Estimated tax liability 125,000 Accumulated depreciation Inventories 513,000 on buildings 538,000 Investment in the Peerless Accumulated depreciation Company 320,000 on equipment 386,000 ALand (at cost) 230,000 Bonds payable 700,000 AMarketable securities 379,000 Buildings (at cost) 1,120,000 Notes payable 200,000 Capital stock 1,000,000 Retained earnings ?