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

WINDSOR COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020
Current assets
Cash		$238,000
Accounts receivable (net)		348,000
Inventory (lower-of-average-cost-or-market)		409,000
Equity investments (marketable)-at cost (fair value $128,000)		148,000
Property, plant, and equipment
Buildings (net)		578,000
Equipment (net)		168,000
Land held for future use		183,000
Intangible assets
Goodwill		88,000
Cash surrender value of life insurance		98,000
Prepaid expenses		20,000
Current liabilities
Accounts payable		143,000
Notes payable (due next year)		133,000
Pension obligation		90,000
Rent payable		57,000
Premium on bonds payable		61,000
Long-term liabilities
Bonds payable		508,000
Stockholders equity
Common stock, $1.00 par, authorized 400,000 shares, issued 298,000		298,000
Additional paid-in capital		168,000
Retained earnings		?

Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $168,000 and for the equipment, $113,000. The allowance for doubtful accounts has a balance of $25,000. The pension obligation is considered a long-term liability.

WINDSOR COMPANY Balance Sheet Assets $