The following incomplete balance sheet for the Sanderson Manufacturing Company was prepared by the company's controller. As accounting manager for Sanderson, you are attempting to reconstruct and revise the balance sheet.

SANDERSON MANUFACTURING COMPANY

Balance Sheet

At December 31, 2018

($ in 000s)AssetsCurrent assets:Cash$1,250Accounts receivable3,500Allowance for uncollectible accounts(400)Finished goods inventory6,000Prepaid expenses1,200Total current assets11,550Long-term assets:Investments3,000Raw materials and work in process inventory2,250Equipment15,000Accumulated depreciationequipment(4,200)Patent?Total assets$?Liabilities and Shareholders' EquityCurrent liabilities:Accounts payable$5,200Note payable4,000Interest payablenote100Deferred revenue3,000Total current liabilities12,300Long-term liabilities:Bonds payable5,500Interest payablebonds200Shareholders' equity:Common stock$?Retained earnings??Total liabilities and shareholders' equity?

Additional information ($ in 000s):

1. Certain records that included the account balances for the patent and shareholders' equity items were lost. However, the controller told you that a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 1.2. That is, total liabilities are 120% of total shareholders' equity. Retained earnings at the beginning of the year was $4,000. Net income for 2018 was $1,560 and $560 in cash dividends were declared and paid to shareholders.
2. Management intends to sell the investments in the next six months.
3. Interest on both the note and the bonds is payable annually.
4. The note payable is due in annual installments of $1,000 each.
5. Deferred revenue will be recognized as revenue equally over the next two fiscal years.
6. The common stock represents 400,000 shares of no par stock authorized, 250,000 shares issued and outstanding.

Required:

a complete, corrected, classified balance sheet.(Amounts to be deducted should be indicated by a minus sign.)