The balance sheet of Concord Corporation as of December 31, 2020, is as follows. CONCORD CORPORATION BALANCE SHEET DECEMBER 31, 2020 Assets Goodwill (Note 2) $ 121,750 Buildings (Note 1) 1,640,000 Inventory 313,850 Land 950,000 Accounts receivable 171,750 Treasury stock (50,000 shares) 88,750 Cash on hand 177,650 Assets allocated to trustee for plant expansion Cash in bank 71,750 Debt investments (held-to-maturity) 139,750 $ 3,675,250 Equities Notes payable (Note 3) $ 601,750 Common stock, authorized and issued, 1,000,000 shares, no par 1,151,750 Retained earnings 804,750 Noncontrolling interest 56,750 Appreciation capital (Note 1) 571,750 Income tax payable 76,750 Reserve for depreciation recorded to date on the building 1,750 $ 3,675,250 Note 1: Buildings are stated at cost, except for one building that was recorded at appraised value. The excess of appraisal value over cost was $ 571,750. Depreciation has been recorded based on cost. Note 2: Goodwill in the amount of $ 121,750 was recognized because the company believed that book value was not an accurate representation of the fair value of the company. The gain of $ 121,750 was credited to Retained Earnings. Note 3: Notes payable are long-term except for the current installment due of $ 100,000. Prepare a corrected classified balance sheet in good form. The notes above are for information only. (List Current Assets in order of liquidity.) CONCORD CORPORATION Balance Sheet Assets $ Assets Allocated to Trustee for Expansion: $ 1 v > Liabilities and Stockholders' Equity $ $ . $