The following information is available relating to the activities of Johnson Co. as of Decem¬ ber 31, 1996. Cash balance on 12/31/96 is $8,000. Short-term investments with a fair market value on 12/31/96 of $40,000. Accounts Receivable balance of $125,000 on 12/31/96 includes $2,400 that are not likely to be collected. Inventory costing $165,000 has a replacement cost (market value) on 12/31/96 of $161,000. Buildings having a fair market value of $68,500 were purchased for $35,000 and have accu¬ mulated depreciation of $8,000. Accounts Payable at year end total $110,000. Taxes Payable at year end total $29,400. Balance in the Long-Term Notes Payable account at the end of the period is $79,100. Fair market value of the Johnson Co. stock on 12/31/96 is $10 per share. When originally issued, 12,500 shares were sold for $8 per share. The total amount of net income earned by Johnson Co. since its inception several years ago is $65,000. Over that same period, Johnson Co. has paid $24,900 in dividends. REQUIRED: Prepare a balance sheet as of 12/31/96 in proper form for Johnson Co. Would you invest in this company? Why or why not?