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 $31,2024$

$($$ in $000$s$)$

Assets

Current assets:

Cash $ $2,950$

Accounts receivable $6,900$

Allowance for uncollectible accounts $(2,100)$

Finished goods inventory $7,700$

Prepaid expenses $2,900$

Total current assets $18,350$

Long$-$term assets:

Investments $4,700$

Raw materials and work in process inventory $3,950$

Equipment $28,000$

Accumulated depreciation $(5,900)$

Patent $($net$)?$question mark

Total assets $ $?$question mark

Liabilities and Shareholders$$ Equity

Current liabilities:

Accounts payable $ $6,900$

Notes payable $7,400$

Interest payable $($on notes$)1,800$

Deferred revenue $6,400$

Total current liabilities $22,500$

Long$-$term liabilities:

Bonds payable $7,200$

Interest payable $($on bonds$)1,100$

Shareholders$$ equity:

Common stock $?$question mark

Retained earnings $?$question mark

Total liabilities and shareholders$$ equity $ $?$question mark

Additional information $($$ in $000$s$)$:

Certain records that included the account balances for the patent and shareholders$$ equity items were lost. However, the controller told you that a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of $1\mathrm{.}1.$ That is$,$ total liabilities are $110\%$ of total shareholders$$ equity. Retained earnings at the beginning of the year was $$7,400.$ Net income for $2024$ was $$2,400,$ and $$800$ in cash dividends were declared and paid to shareholders.

Management intends to sell the investments in the next six months.

Interest on both the notes and the bonds is payable annually.

The notes payable are due in annual installments of $$1,850$ each.

Deferred revenue will be recognized as revenue equally over the next two fiscal years.

The common stock represents $600,000$ shares of no par stock authorized, $420,000$ shares issued and outstanding.SANDERSON MANUFACTURING COMPANY

Balance Sheet

At December $31,2024$

$($ $ in $000s)$

Assets

Current assets:

$\backslash$table$[[$Cash$,,$$$,2,850$