TangoCo is developing its annual financial statements for the current year. The following amounts were correct at December $31,$ current year: cash, $$50,600$; investment in stock of PIL Corporation $($longterm$),$ $$38,200$; store equipment, $$69,000$; accounts receivable, $$73,620$; inventory, $$172,000$; prepaid rent, $$1,300$; used store equipment held for disposal, $$11,600$; accumulated depreciation, store equipment, $$13,620$; income taxes payable, $$11,600$; long$-$term note payable, $$33,800$; accounts payable, $$60,600$; retained earnings, $$166,900$; and common stock, $118,000$ shares outstanding, par value $$1$ per share $($originally sold and issued at $$1\mathrm{.}10$ per share$)\mathrm{.}125\%$Required:$1.$ Based on these data, prepare a December $31,$ current year, balance sheet.Note: Amounts to be deducted should be indicated by a minus sign.