Prepare a balance sheet as of June 30, for the J. L. Gregory Company, using the following data:

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Accounts payable Accounts receivable Accrued expenses Accumulated depreciation 241,000 505,000 107,000 Cash Equipment (at cost) Estimated tax liability Inventories Investment in the Peerless $ 89,000 761,000 125,000 513,000 538,000 on buildings Accumulated depreciation on equipment Bonds payable Buildings (at cost) Capital stock 386,000 700,000 1,120,000 1,000,000 Company Land (at cost) Marketable securities Notes payable Retained earnings 320,000 230,000 379,000 200,000