Presented below is the trial balance of John Nalezny Corporation at December 31, 2008.

Instructions
Prepare a balance sheet at December 31, 2008, for John Nalezny Corporation. Ignore incometaxes.

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$ 8,100,000 Trading Securities (at cost, $145,000) Long-term Investments in Bonds Long-term Investments in Stocks Short-term Notes Payable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts 7 Equipment Bonds Payable Franchise (net of $80,000 amortization) Common Stock ($5 par) Patent (net of $30,000 amortization) Retained Earnings Additional Paid-in Capital $12,315,000 $12,315,000