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

SANDERSON MANUFACTURING COMPANY
Balance Sheet
At December 31, 2021
($ in 000s)
Assets
Current assets:
Cash			$	2,650
Accounts receivable				6,300
Allowance for uncollectible accounts				(1,800	)
Finished goods inventory				7,400
Prepaid expenses				2,600
Total current assets				17,150
Long-term assets:
Investments				4,400
Raw materials and work in process inventory				3,650
Equipment				23,000
Accumulated depreciation				(5,600	)
Patent (net)				?
Total assets			$	?
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable			$	6,600
Notes payable				6,800
Interest payable (on notes)				1,500
Deferred revenue				5,800
Total current liabilities				20,700
Long-term liabilities:
Bonds payable				6,900
Interest payable (on bonds)				400
Shareholders 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 1.4. That is, total liabilities are 140% of total shareholders equity. Retained earnings at the beginning of the year was $6,800. Net income for 2021 was $2,250 and $550 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 notes and the bonds is payable annually.
4. The notes payable are due in annual installments of $1,700 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, 390,000 shares issued and outstanding.