The adjusted trial balance of Eastwood Company and other related information for the year 2014 are presented as follows EASTWOOD COMPANY ADJUSTED TRIAL BALANCE DECEMBER 31, 2014 Debit Credit Cash $43,650 Accounts Receivable 166,150 Allowance for Doubtful Accounts $9,004 Prepaid Insurance 6,204 Inventory 211,150 Equity Investments (long term) 341,650 Land 87,650 Construction in Progress (building) 126,650 Patents 36,000 Equipment 402,650 Accumulated Depreciation Equipment 242,650 Discount on Bonds Payable 20,000 Accounts Payable 150,650 Accrued Liabilities 51,850 Notes Payable 96,650 Bonds Payable 202,650 Common Stock 502,650 Paid in Capital in Excess of Par Common Stock 45,000 Retained Earnings 140,650 $1,441,754 $1,441,754 Additional information 1 The LIFO method of inventory value is used 2 The cost and fair value of the long term investments that consist of stocks and bonds is the same 3 The amount of the Construction in Progress account represents the costs expended to date on a building in the process of construction (The company rents factory space at the present time ) The land on which the building is being constructed cost $87,650, as shown in the trial balance 4 The patents were purchased by the company at a cost of $40,000 and are being amortized on a straight line basis 5 Of the discount on bonds payable, $2,000 will be amortized in 2015 6 The notes payable represent bank loans that are secured by long term investments carried at $122,650 These bank loans are due in 2015 7 The bonds payable bear interest at7 payable every December 31, and are due January 1, 2025 8 600,000 shares of common stock of a par value of $1 were authorized, of which502,650 shares were issued and outstanding Prepare a balance sheet as of December 31, 2014, so that all important information is fully disclosed (List Current Assets in order of liquidity List Property, Plant and Equipment in order of Land, Building and Equipment Enter account name only and do not provide the descriptive information provided in the question )

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The adjusted trial balance of Eastwood Company and other related information for the year 2014 are presented as follows. EASTWOOD COMPANY ADJUSTED TRIAL BALANCE DECEMBER

The adjusted trial balance of Eastwood Company and other related information for the year 2014 are presented as follows.

EASTWOOD COMPANY ADJUSTED TRIAL BALANCE DECEMBER 31, 2014
Debit	Credit
Cash	$43,650
Accounts Receivable	166,150
Allowance for Doubtful Accounts		$9,004
Prepaid Insurance	6,204
Inventory	211,150
Equity Investments (long-term)	341,650
Land	87,650
Construction in Progress (building)	126,650
Patents	36,000
Equipment	402,650
Accumulated Depreciation-Equipment		242,650
Discount on Bonds Payable	20,000
Accounts Payable		150,650
Accrued Liabilities		51,850
Notes Payable		96,650
Bonds Payable		202,650
Common Stock		502,650
Paid-in Capital in Excess of Par-Common Stock		45,000
Retained Earnings		140,650
$1,441,754	$1,441,754

Additional information:

1.	The LIFO method of inventory value is used.
2.	The cost and fair value of the long-term investments that consist of stocks and bonds is the same.
3.	The amount of the Construction in Progress account represents the costs expended to date on a building in the process of construction. (The company rents factory space at the present time.) The land on which the building is being constructed cost $87,650, as shown in the trial balance.
4.	The patents were purchased by the company at a cost of $40,000 and are being amortized on a straight-line basis.
5.	Of the discount on bonds payable, $2,000 will be amortized in 2015.
6.	The notes payable represent bank loans that are secured by long-term investments carried at $122,650. These bank loans are due in 2015.
7.	The bonds payable bear interest at7% payable every December 31, and are due January 1, 2025.
8.	600,000 shares of common stock of a par value of $1 were authorized, of which502,650 shares were issued and outstanding.

Prepare a balance sheet as of December 31, 2014, so that all important information is fully disclosed.(List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)