The following balance sheet was prepared by the bookkeeper for Jacuzi Company as of December 31, 2017. Jacuzi Company Balance Sheet as of December 31, 2017 Cash $ 80,000 Accounts payable $ 75,000 Accounts receivable (net) 52,200 Bonds payable 100,000 Inventory 57,000 Stockholders' equity 218,500 Investments 76,300 Equipment (net) 96,000 Patents 32,000 $393,500 $393,500 The following additional information is provided: 1. Cash includes the cash surrender value of a life insurance policy $9,400, a bank overdraft of $2,500 has been deducted. Cash also includes petty cash of $725. 2. The net accounts receivable balance includes: (a) accounts receivabledebit balances $60,000 from normal sales to customers; (b) accounts receivablecredit balances $4,000 for sales returns by customers; (c) allowance for doubtful accounts $3,800. 3. Inventory does not include goods costing $3,000 shipped out on consignment. Accounts receivables of $3,000 were recorded on the goods that were consigned.. 4. Investments include common stock of Ford Motor Company $19,000, vacant land held for future use $48,300, and goodwill of $9,000. 5. Equipment costing $5,000 with accumulated depreciation $5,000 is still being used by the company. Accumulated depreciation on the remaining equipment is $40,000. 6. Stockholders equity consists of Common Stock $150,000, Retained Earnings of $80,400 and Treasury Stock of $11,900. Required Prepare a corrected classified balance sheet in good form.