Whispering Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion.

Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $170,500 and for the equipment, $115,500. The allowance for doubtful accounts has a balance of $27,500. 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.)

List of accounts names:

Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advances to Employees Allowance for Doubtful Accounts Bonds Payable Bond Sinking Fund Buildings Cash Cash Surrender Value of Life Insurance Common Stock Construction in Process Copyrights Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Investments Finished Goods Franchises Goodwill Income Tax Payable Income Tax Receivable Interest Payable Interest Receivable Inventory Investments in Common Stock Investments in Stocks and Bonds Land Notes Payable Notes Receivable Noncontrolling Interest Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Patents Payroll Tax Expense Payroll Taxes Payable Pension Liability Pension Obligation Plant Assets Premium on Bonds Payable Preferred Stock Prepaid Advertising Prepaid Insurance Prepaid Expenses Prepaid Rent Raw Materials Rent Payable Restricted Cash Retained Earnings Salaries and Wages Payable Supplies Timberland Treasury Stock Trademarks Trading Securities Unearned Service Revenue Unearned Rent Revenue Unearned Subscriptions Revenue Withholding Taxes Payable Work-in-Process

Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $130,500) 240,500 350,500 411,500 150,500 Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use 580,500 170,500 185,500 Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses 90,500 100,500 22,500 Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 145,500 135,500 92,500 59,500 63,500 Long-term liabilities Bonds payable 510,500 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 300,500 Additional paid-in capital Retained earnings 300,500 170,500