The following information was obtained from the accounts of Alleg, Inc., as of December 31, 2008. It is presented in scrambled order.
|
Common stock, authorized 21,000 shares
|
|
|
at $1 par value, issued 10,000 shares
|
$10,000
|
|
Additional paid-in capital
|
38,000
|
|
Cash
|
13,000
|
|
Marketable securities
|
17,000
|
|
Accounts receivable
|
26,000
|
|
Accounts payable
|
15,000
|
|
Current maturities of long-term debt
|
11,000
|
|
Mortgages payable
|
80,000
|
|
Bonds payable
|
70,000
|
|
Inventory
|
30,000
|
|
Land and buildings
|
57,000
|
|
Machinery and equipment
|
125,000
|
|
Goodwill
|
8,000
|
|
Patents
|
10,000
|
|
Other assets
|
50,000
|
|
Deferred income taxes (long-term liability)
|
18,000
|
|
Retained earnings
|
33,000
|
|
Accumulated depreciation
|
61,000
|
Required:
Prepare a classified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.