The adjusted trial balance of Grouper Company and other related information for the year 2020 are presented as follows.

GROUPER COMPANY ADJUSTED TRIAL BALANCE DECEMBER 31, 2020
	Debit		Credit
Cash	$ 45,080
Accounts Receivable	167,580
Allowance for Doubtful Accounts			$ 8,960
Prepaid Insurance	6,160
Inventory	212,580
Equity Investments (long-term)	343,080
Land	89,080
Construction in Progress (building)	128,080
Patents	36,000
Equipment	404,080
Accumulated Depreciation-Equipment			240,260
Discount on Bonds Payable	20,000
Accounts Payable			152,080
Accrued Liabilities			53,280
Notes Payable			98,080
Bonds Payable			204,080
Common Stock			504,080
Paid-in Capital in Excess of Par-Common Stock			45,000
Retained Earnings			145,900
	$ 1,451,720		$ 1,451,720

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 (with ownership less than 20% of total shares) are 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 $ 89,080, 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 2021.
6.		The notes payable represent bank loans that are secured by long-term investments carried at $ 124,080. These bank loans are due in 2021.
7.		The bonds payable bear interest at 8% payable every December 31, and are due January 1, 2031.
8.		600,000 shares of common stock of a par value of $1 were authorized, of which 504,080 shares were issued and outstanding.

Prepare a balance sheet as of December 31, 2020, so that all important information is fully disclosed.