*Problem 16-06A The following data, presented in alphabetical order, are taken from the records of Ivanhoe Corporation. Accounts payable $239,100 Accounts receivable 139,800 Accumulated depreciation-buildings 180,100 Accumulated depreciation-equipment 51,500 Allowance for doubtful accounts 7,000 Bonds payable (10%, due 2028) 499,600 Buildings 950,100 Cash 42,200 Common stock ($10 par value; 504,300 shares authorized, 149,200 shares issued) 1,492,000 Dividends payable 80,400 Equipment 275,900 Goodwill 199,900 Income taxes payable 119,900 Inventory 170,400 Investment in Mara common stock (30% ownership), at equity 379,600 Investment in Sasse common stock, at fair value 278,600 Land 389,100 Notes payable (due 2021) 70,400 Paid-in capital in excess of par-common stock 141,000 Premium on bonds payable 40,000 Prepaid insurance 16,700 Retained earnings 102,200 Short-term investments, at fair value 180,900 The investment in Sasse common stock is considered to be a long-term security. IVANHOE CORPORATION Balance Sheet December 31, 2020 7 Assets Current Assets Cash Short-Term Investments, at fair value Account Receivable Less Allowance for Doubtful Accounts Inventory Prepaid Insurance Total Current Assets Investments Investments in Stock of 20%-50% of Owned Company, at equity Total Investments Property, plant, and Equipment Land Buildings Less Accumulated Depreciaton-Buildings Equipment Less Accumulated Depreciaton-Equipment Total Property, plant, and Equipment Intangible Assets Goodwill Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ Notes Payable Income Taxes Payable Dividends Payable Long-Term Liabilities Bonds Payable $ Add Premium on Bonds Payable Total Long-Term Liabilities Total Liabilities Stockholders' Equity Paid-in Capital Common Stock Paid-in Capital in Excess of Par Unrealized Gain on Available-for-Sale Securities Total Stockholders' Equity Total Liabilities and Stockholders' Equity