The following data, presented in alphabetical order, are taken from the records of Radar Corporation.
|
Accounts payable
|
$ 240,000
|
|
Accounts receivable
|
140,000
|
|
Accumulated depreciation-buildings
|
180,000
|
|
Accumulated depreciation-equipment
|
52,000
|
|
Allowance for doubtful accounts
|
6,000
|
|
Bonds payable (10%, due 2020)
|
500,000
|
|
Buildings
|
950,000
|
|
Cash
|
42,000
|
|
Common stock ($10 par value; 500,000 shares authorized,
|
|
|
150,000 shares issued)
|
1,500,000
|
|
Dividends payable
|
80,000
|
|
Equipment
|
275,000
|
|
Goodwill
|
200,000
|
|
Income taxes payable
|
120,000
|
|
Inventory
|
170,000
|
|
Investment in Sasse common stock (10% ownership), at cost
|
278,000
|
|
Investment in Mara common stock (30% ownership), at equity
|
380,000
|
|
Land
|
390,000
|
|
Market adjustment-available-for-sale securities (Dr)
|
8,000
|
|
Notes payable (due 2013)
|
70,000
|
|
Paid-in capital in excess of par-common stock
|
130,000
|
|
Premium on bonds payable
|
40,000
|
|
Prepaid insurance
|
16,000
|
|
Retained earnings
|
103,000
|
|
Short-term investments, at fair value (and cost)
|
180,000
|
|
Unrealized gain-available-for-sale securities
|
8,000
|
The investment in Sasse common stock is considered to be a long-term available-for-sale security.
Instructions
Prepare a classified balance sheet at December 31, 2012.