Stockholders' equity Jaez Corporation is in the process of going through a reorganization. As of December 31, 2020, the company's accountant has determined the following information although the company is still several months away from emerging from the bankruptcy proceeding. Book Value Fair Value Assets Cash $ 46,000 $ 46,000 Inventory 68,000 70,000 Land 209,000 263,000 Buildings 243,000 293,000 Equipment 177,000 190,000 Allowed Expected Claims Settlement Liabilities as of the date of the order for relief Accounts payable $ 146,000 $ 42,000 Accrued expenses 53,000 27,000 Income taxes payable 45,000 41,000 Note payable (due 2023, secured by land) 123,000 123,000 Note payable (due 2025) 193,000 103,000 Liabilities since the date of the order for relief Accounts payable $ 93,000 Note payable (due 2022) 133,000 Common stock Deficit $ 223,000 (256,000) Prepare the balance sheet for Jaez Corporation. (Negative amounts should be indicated by a minus sign.) JAEZ CORPORATION Balance Sheet December 31, 2020 Current assets: Land, buildings, and equipment: Total assets Liabilities not subject to compromise Current liabilities: Long-term labilities: Liabilities subject to compromise Total liabilities Stockholders' equity Total liabilities and shareholders' (deficit)