Sunland Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet...

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Sunland Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. Sunland Company Balance Sheet For the Year Ended 2025 Current assets Cash $235,000 Accounts receivable (net) 345,000 Inventory (lower-of-cost-or-net realizable value) 406,000 Equity investments (to be sold in the next year)-at cost (fair value $125,000) 145,000 Property, plant and equipment Buildings (net) Equipment (net) 575,000 165,000 180,000 Land held for future use Intangible assets Goodwill 85,000 Held-to maturity debt investment 95,000 Prepaid expenses 17,000 Current liabilities Accounts payable 140,000 Notes payable (due next year) 130,000 Pension obligation 87,000 Rent payable 54.000 Premium on bonds payable 58,000 Long-term liabilities Bonds payable 505,000 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 295,000 295,000 Paid-in capital in excess of par 165,000 Retained earnings ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $165,000 and for the equipment, $110,000. The allowance for doubtful accounts has a balance of $22,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) SUNLAND COMPANY Balance Sheet For the Year Ended December 31, 2025 Assets Current Assets Cash Trading Securities Accounts Receivable Less V Allowance for Doubtful Accounts Inventory Prepaid Expenses Total Current Assets Long-term Investments Land Held for Future Use Cash Surrender Value of Life Insurance Total Long-term Investments Property, Plant, and Equipment Buildings $ 345000 2350 1250 22000 i 323,00 740000 406,0 170 1800 950 Less Accumulated Depreciation-Buildings 165000 i 5750 Equipment 275000 Less V Accumulated Depreciation-Equipment 110000 i 1650 Total Property, Plant, and Equipment Intangible Assets Goodwill Total Assets Sunland Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. Sunland Company Balance Sheet For the Year Ended 2025 Current assets Cash $235,000 Accounts receivable (net) 345,000 Inventory (lower-of-cost-or-net realizable value) 406,000 Equity investments (to be sold in the next year)-at cost (fair value $125,000) 145,000 Property, plant and equipment Buildings (net) Equipment (net) 575,000 165,000 180,000 Land held for future use Intangible assets Goodwill 85,000 Held-to maturity debt investment 95,000 Prepaid expenses 17,000 Current liabilities Accounts payable 140,000 Notes payable (due next year) 130,000 Pension obligation 87,000 Rent payable 54.000 Premium on bonds payable 58,000 Long-term liabilities Bonds payable 505,000 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 295,000 295,000 Paid-in capital in excess of par 165,000 Retained earnings ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $165,000 and for the equipment, $110,000. The allowance for doubtful accounts has a balance of $22,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) SUNLAND COMPANY Balance Sheet For the Year Ended December 31, 2025 Assets Current Assets Cash Trading Securities Accounts Receivable Less V Allowance for Doubtful Accounts Inventory Prepaid Expenses Total Current Assets Long-term Investments Land Held for Future Use Cash Surrender Value of Life Insurance Total Long-term Investments Property, Plant, and Equipment Buildings $ 345000 2350 1250 22000 i 323,00 740000 406,0 170 1800 950 Less Accumulated Depreciation-Buildings 165000 i 5750 Equipment 275000 Less V Accumulated Depreciation-Equipment 110000 i 1650 Total Property, Plant, and Equipment Intangible Assets Goodwill Total Assets