Splish Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. SPLISH COMPANYBALANCE SHEETFOR THE YEAR ENDED 2014Current assets Cash $230,000Accounts receivable (net) 340,000Inventory (lower-of-average-cost-or-market) 401,000Equity investments (trading)-at cost (fair value $120,000) 140,000Property, plant, and equipment Buildings (net) 570,000Equipment (net) 160,000Land held for future use 175,000Intangible assets Goodwill 80,000Cash surrender value of life insurance 90,000Prepaid expenses 12,000Current liabilities Accounts payable 135,000Notes payable (due next year) 125,000Pension obligation 82,000Rent payable 49,000Premium on bonds payable 53,000Long-term liabilities Bonds payable 500,000Stockholders’ equityCommon stock, $1.00 par, authorized 400,000 shares, issued 290,000 290,000Additional paid-in capital 160,000Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $160,000 and for the equipment, $105,000. The allowance for doubtful accounts has a balance of $17,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)