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The following trial balance as of 12/31/2016 has been prepared by an inexperienced bookkeeper. All accounts have normal (debit/credit) dollar balances. Equipment 60,000 Goodwill 500,000

The following trial balance as of 12/31/2016 has been prepared by an inexperienced bookkeeper. All accounts have normal (debit/credit) dollar balances.

Equipment

60,000

Goodwill

500,000

Interest Expense

2,400

Interest Payable

600

Retained Earnings (as of 1/1/2016)

100,000

Patents

10,000

Dividends

40,400

Land

137,320

Accounts Receivable

102,000

Bonds Payable

78,000

Notes Payable (due in 6 years)

29,400

Common Stock

470,000

Accumulated Depreciation - Equipment

10,000

Prepaid Advertising

5,000

Service Revenue

341,400

Buildings

80,400

Supplies

1,860

Income Taxes Payable

3,000

Utilities Expense

1,320

Advertising Expense

1,560

Salaries and Wages Expense

53,040

Salaries and Wages Payable

900

Accumulated Depreciation - Building

15,000

Cash

45,000

Depreciation Expense

8,000

The bookkeeper needs your help to calculate the following balances for this company as of December 31, 2016.

1. Total current assets

2. Total property, plant and equipment, net of depreciation

3. Total intangible assets

4. Total assets

5. Total current liabilities

6. Total long-term liabilities

7. Total retained earnings as of 12/31/2016

8. Total stockholders' equity

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