Arrange the following items in proper balance sheet presentation:
Note: Amounts to be deducted should be indicated with parentheses or a minus sign.
Accumulated depreciation $ 317,000
Retained earnings 141,000
Cash 17,000
Bonds payable 167,000
Accounts receivable 57,000
Plant and equipment-original cost 773,000
Accounts payable 40,000
Allowance for bad debts 12,000
Common stock, $1 par, 100,000 shares outstanding 100,000
Inventory 68,000
Preferred stock, $51 par, 1,000 shares outstanding 51,000
Marketable securities 26,000
Investments 20,000
Notes payable 36,000
Capital paid in excess of par (common stock) 97,000
Balance Sheet
Assets
Liabilities and Stockholders' Equity
Current Assets:
Current Liabilities:
Total current liabilities
Total liabilities
Stockholders' Equity:
Net accounts receivable
Total current assets
Other Assets:
Fixed assets:
Net plant and equipment
Total assets
Total stockholders' equity
Total liabilities and stockholders' equity
