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, 2016 ($ in 000s)

Assets Current assets:

Cash $ 2,150

Accounts receivable 5,300

Allowance for uncollectible accounts (1,300 ) Finished goods inventory 6,900 Prepaid expenses 2,100 Total current assets 15,150 Noncurrent assets: Investments 3,900 Raw materials and work in process inventory 3,150 Equipment 18,000 Accumulated depreciationequipment (5,100 ) Patent ? Total assets $ ? Liabilities and Shareholders Equity Current liabilities: Accounts payable $ 6,100 Note payable 5,800 Interest payablenote 1,000 Deferred revenue 4,800 Total current liabilities 17,700 Long-term liabilities: Bonds payable 6,400 Interest payablebonds 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 $5,800. Net income for 2016 was $2,000 and $400 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 $1,450 each. 5. Deferred revenue will be earned equally over the next two fiscal years. 6. The common stock represents 400,000 shares of no par stock authorized, 340,000 shares issued and outstanding. Required: Prepare a complete, corrected, classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.)