View Policies Current Attempt in Progress Bridgeport Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion $237,000 347,000 408,000 147,000 577,000 167,000 182,000 BRIDGEPORT COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable) at cost (fair value $ 127,000) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable Long-term liabilities Bonds payable Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 297,000 Additional paid-in capital Retained earnings 87,000 97,000 19,000 142,000 132,000 89,000 56,000 60,000 507,000 297,000 167,000 ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $167,000 and for the equipment, $112,000. The allowance for doubtful accounts has a balance of $24,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) BRIDGEPORT COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity