Return to Blackboard JS Kesen Intermediate Accounting, 17e ignment CALCU Problem 5-2 Your answer is partially correct. Try again. Presented below are a number of balance sheet items for Nash, Inc. for the current year, 2020. Goodwill $ 126,300 Accumulated Depreciation Equipment $ 292,150 Payroll Taxes Payable 178,891 Inventory 241,100 Bonds payable 301,300 Rent payable (short-term) 46,300 Discount on bonds payable 15,150 Income taxes payable 99,662 Cash 361,300 Rent payable (long-term) 481,300 Land 481,300 Common stock, 51 par value 201,300 Notes receivable 447,000 Preferred stock, $10 par value 151,300 Notes payable (to banks) 266,300 Prepaid expenses 89,220 Accounts payable 491,300 Equipment 1,471,300 Retained earnings ? Debt investments (trading) 122,300 Income taxes receivable 98,930 Accumulated Depreciation Buildings 270,350 Notes payable (long-term) 1,601,300 Buildings 1,641,300 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. As payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in order of lig Equipment in order of Land, Building and Equipment.) NASH, INC. Balance Sheet For the Year Ended December 31, 2020 Assets Cash 361300 to search a 8 Return to Blackboard Kieso, Intermediate Accounting, 17e Help System Announcements hent c Assets Current Assets Cash 361300 Debt Investments 122300 Notes Receivable 447000 Incon Tax Receivable 98930 Inventory 241100 Prepaid Expenses 89220 Total Current Assets 1359850 Total Property Plant and Equipment Land 481300 Buildings 1370950 Accumulated Depreciation 1471300 292350 Equipment 1179150 Accumulated Depreciation 1179150 3031400 Search - a Oo 6 8. 9 Return to Blackboard JS Kelly Intermediate Accounting, 17e gnment CALCULATOR 5 Less Accumulated Depreciation 1179150 3031400 Total Property Plant and Equipment Goodwill 126300 Total Assets 4517550 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 491300 Rent Payable 46300 Payroll Taxes Payable 178891 Income Tax Payable 99662 Notes Payable 256300 Total Current Liabites 1082453 Rent Payable 451300 Notes Payable 1601300 o search Cla 8 8 ssignment CALCULATOR PRIR CES Rent Payable 481300 Notes Payable 1601300 Less Discount on Bonds Payable 15150 286150 edy Bonds Payable 301300 2368750 Total Long-term Liabilities 3451203 Total Liabilities Stockholders' Equity Common Stock 201300 Preferred Stock 151300 352500 Retained Earnings 713747 Total Stocicheldt Equity 1066347 4557550 Click if you would like to Show Work for this question:ren Shoek e to search o E 8 U P