Question

Arrange the following items in proper balance sheetpresentation: (Amounts to be deducted should be indicatedwith parentheses or a minus sign.)

Accumulated depreciation	$	391,000
Retained earnings		35,000
Cash		19,000
Bonds payable		174,000
Accounts receivable		49,000
Plant and equipment—original cost		741,000
Accounts payable		37,000
Allowance for bad debts		6,000
Common stock, $1 par, 100,000 shares outstanding		100,000
Inventory		68,000
Preferred stock, $54 par, 1,000 shares outstanding		54,000
Marketable securities		21,000
Investments		27,000
Notes payable		36,000
Capital paid in excess of par (common stock)		92,000

Balance Sheet
Assets			Liabilities and Stockholders’Equity
Current Assets:			Current Liabilities:
			Total current liabilities
			Long-term liabilities
Net accounts receivable
Total current assets			Total liabilities
Other Assets:			Stockholders’ Equity:
Fixed assets:
Net plant and equipment			Total stockholders’ equity
Total assets			Total liabilities andstockholders’ equity