Question: using the following please answer the question please answer the intangible assets, total assets, liabilitys and stockholders equity part if the balance sheet! Part 5:

using the following please answer the question
using the following please answer the question please answer the intangible assets,
total assets, liabilitys and stockholders equity part if the balance sheet! Part
5: Note: You must complete parts 1,2,3, and 4 of this comprehensive
problem before completing part 5. Based on the following information and the
post-closing trial balance that follows, prepare a balance sheet in report form
please answer the intangible assets, total assets, liabilitys and stockholders equity part if the balance sheet!
at December 31 of the current year: The merchandise inventory is stated
at cost by the LIFO method. The product warranty payable is a

Part 5: Note: You must complete parts 1,2,3, and 4 of this comprehensive problem before completing part 5. Based on the following information and the post-closing trial balance that follows, prepare a balance sheet in report form at December 31 of the current year: The merchandise inventory is stated at cost by the LIFO method. The product warranty payable is a current liability. Vacation pay payable: The unfunded pension liability is a long-term liability. Notes payable: Current liability $70,000 Long-term liability 630,000 Kornett Company Post-Closing Trial Balance December 31, 20 Y5 Accumulated Depreciation-Store Equipment Mineral Rights 546,000 Accumulated Depletion 30,000 Patents 42,000 Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable Salaries Payable Accounts Payable Interest Payable Product Warranty Payable Vacation Pay Payable Unfunded Pension Liability Notes Payable Common Stock Retained Earnings \begin{tabular}{rr} & 1,845,010 \\ \hline 3,700,300 & 3,700,300 \\ \hline \end{tabular} Kornett Company Balance Sheet December 31,20Y5 Assets Current assets: Petty cash Cash. Notes receivable 100,000 Accounts receivable Allowance for doubtful accounts 470,000 16,000 Accounts receivable, net Inventory Interest receivable Prepaid insurance Office supplies Total current assets Property, plant, and equipment: Land Buildings Arrumulated denreriation-buildinne Interest receivable Prepaid insurance 45,640 Office supplies 13,400 Total current assets $1,183,37 Property, plant, and equipment: Land Buildings Accumulated depreciation-buildings Book value-buildings 864,000 Office equipment $246,000 Accumulated depreciation-office equipment 44,000 Book value-office equipment Store equipment Depreciation expense Book value-store equipment Intangible assets: Total assets Liabilities Current liabilities: Total current liabilities Long-term liabilities: Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

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