The following data, presented in alphabetical order, are taken from the records of Alameda Corporation:

The investment in Dodge common stock is considered to be a long-term available-for-sale security.
\section*{Instructions}
Prepare a balance sheet at December 31, 1996.

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Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Allowance for doubtful accounts $ 250,000 120,000 180,000 52,000 6,000 Bonds payable (10%, due 2010) 500,000 Bond sinking fund 150,000 Buildings 950,000 Cash 92,000 Common stock ($10 par value; 500,000 shares authorized, 150,000 shares issued) 1,500,000 Dividends payable 80,000 Equipment 275,000 Goodwill 200,000 Income taxes payable 120,000 Investment in Dodge common stock (10% ownership), at cost Investment in Huston common stock (30% ownership), at equity 278,000 230,000 Land 500,000 Market adjustment-available-for-sale securities (Dr) 8,000 Merchandise inventory 170,000 Notes payable (due 1997) 70,000 Organization costs 50,000 Paid-in capital in excess of par value 200,000 Premium on bonds payable 40,000 Prepaid insurance 16,000 Retained earnings 213,000 Temporary stock investment, at fair value 180,000 Unrealized gain-available-for-sale securities 8,000