The Brandt Company presents the following December 31, 2007 balance sheet: The following information is also available:

Question:

The Brandt Company presents the following December 31, 2007 balance sheet:

The following information is also available:
1. Current assets include cash $3,800, accounts receivable $18,500, notes receivable (maturity date July 1, 2009) $10,000, and land $12,000.
2. Long-term investments include a $4,600 investment in available-for-sale securities that is expected to be sold in 2008 and a $9,000 investment in Dray Company bonds that are expected to be held until their December 31, 2016 maturity date.
3. Property and equipment include buildings costing $63,400, inventory costing $30,500, and equipment costing $29,600.
4. Intangible assets include patents that cost $8,200 and on which $2,300 amortization has accumulated, and treasury stock that cost $1,800.
5. Other assets include prepaid insurance (which expires on November 30, 2008) $2,900, sinking fund for bond retirement $7,000, and trademarks that cost $3,700 and are not impaired.
6. Current liabilities include accounts payable $19,400, bonds payable (maturity date December 31, 2018) $40,000, and accrued income taxes payable $7,200.
7. Long-term liabilities include accrued wages $4,100 and mortgage payable (which is due in five equal annual payments starting December 31, 2008) $20,000.
8. Contributed capital includes common stock ($5 par) $11,000 and preferred stock ($100 par) $6,000.
9. Unrealized capital includes premium on bonds payable $4,300, premium on preferred stock $2,400, premium on common stock $14,700, and unrealized increase in value of securities available for sale $1,100.
10. Retained earnings includes unrestricted retained earnings, $37,800, allowance for doubtful accounts $700, and accumulated depreciation on buildings and equipment of $21,000 and $13,000, respectively.

Required
Based on the preceding information, prepare a properly classified December 31, 2007 balance sheet for the BrandtCompany.

Common Stock
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