The bookkeeper for Geronimo Company has prepared the following balance sheet as of July 31, 2017 GERONIMO COMPANY BALANCE SHEET AS OF JULY 31, 2017 $69,000 Notes and accounts payable Cash Accounts receivable (net) Inventory Equipment (net) Patents 40,500 Long-term liabilities 60,000 Stockholders' equity 84,000 21,000 44,000 75,000 155,500 $274,500 $274,500 The following additional information is provided 1. Cash includes $1,200 in a petty cash fund and $15,000 in a bond sinking fund 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $44,000 and (b) allowance for doubtful accounts $3,500 3. Inventory costing $5,300 was shipped out on consignment on July 31, 2017. The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,300 were recognized on these consigned goods. 4. Equipment had a cost of $112,000 and an accumulated depreciation balance of $28,000 5. Income taxes payable of $6,000 were accrued on July 31. Geronimo Company, however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance, but was offset against the income taxes payable amount. Prenare a corrected classified balance sheet as of luly 31, 2017, from the available information, adiusting the account halances using the additional information, (List