Brandt Company presents the following December 31, 2019, balance sheet: Brandt Company...

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Accounting

Brandt Company presents the following December 31, 2019, balance sheet:

Brandt Company Sheet of Balances for Year Ended December 31, 2019
Current assets $ 44,900 Current liabilities $ 66,600
Long-term investments 14,000 Long-term liabilities 23,700
Property, plant, and equipment 123,500 Contributed capital 17,000
Intangible assets 8,000 Unrealized capital 22,800
Other assets 13,600 Retained earnings 73,900
Total assets $204,000 Total equities $204,000

The following information is also available:

  1. Current assets include cash, $3,800; accounts receivable, $19,100; notes receivable (maturity date July 1, 2024), $10,000; and land, $12,000.
  2. Long-term investments include a $5,000 investment in available-for-sale securities that are expected to be sold in 2020 and a $9,000 investment in Dray Company bonds that are expected to be held until their December 31, 2022, maturity date.
  3. Property, plant, and equipment include buildings costing $63,400, inventory costing $30,500, and equipment costing $29,600.
  4. Intangible assets include patents that cost $8,500 (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, 2020), $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, 2024), $40,000; and accrued income taxes payable, $7,200.
  7. Long-term liabilities include accrued wages, $3,700; and mortgage payable (which is due in five equal annual payments starting December 31, 2020), $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; additional paid-in capital on preferred stock, $2,400; additional paid-in capital on common stock, $14,700; and accumulated other comprehensive income, $1,400.
  10. Retained earnings includes unrestricted retained earnings, $39,200; 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, 2019, balance sheet for Brandt.

Brandt Company Balance Sheet December 31, 2019
Assets
Current Assets
$fill in the blank 2
fill in the blank 4
$fill in the blank 6
fill in the blank 8 fill in the blank 9
fill in the blank 11
fill in the blank 13
Total current assets $fill in the blank 14
Long-Term Investments
$fill in the blank 16
fill in the blank 18
fill in the blank 20
Total long-term investments fill in the blank 21
Property, Plant, and Equipment
$fill in the blank 23
$fill in the blank 25
fill in the blank 27 fill in the blank 28
$fill in the blank 30
fill in the blank 32 fill in the blank 33
Total property, plant, and equipment fill in the blank 34
Intangible Assets
$fill in the blank 36
fill in the blank 38
Total intangible assets fill in the blank 39
Total Assets $fill in the blank 40
Liabilities
Current Liabilities
$fill in the blank 42
fill in the blank 44
fill in the blank 46
fill in the blank 48
Total current liabilities $fill in the blank 49
Long-Term Liabilities
$fill in the blank 51
$fill in the blank 53
fill in the blank 55 fill in the blank 56
Total long-term liabilities fill in the blank 57
Total Liabilities $fill in the blank 58
Shareholders' Equity
Contributed Capital
$fill in the blank 60
fill in the blank 62
fill in the blank 64
fill in the blank 66
Total contributed capital $fill in the blank 67
fill in the blank 69
fill in the blank 71
Total contributed capital, retained earnings, and accumulated other comprehensive income $fill in the blank 72
fill in the blank 74
Total Stockholders' Equity $fill in the blank 75
Total Liabilities and Stockholders' Equity $fill in the blank 76

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