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Balance Sheet - The following is an alphabetical list of the December 31, 2007 balance sheet accounts and amounts for the Green Manufacturing Company:
Accounts payable
$20,900
Accumulated depreciation: machinery
Accounts receivable
15,300
and equipment
30,000
Accrued pension cost
13,300
Allowance for doubtful accounts
1,000
Accumulated depreciation: buildings
32,400
Bond sinking fund
7,700
Bonds payable (due 2021)
29,000
Marketable securities (short-term)
8,400
Buildings
92,500
Notes payable (short-term)
5,000
Cash
7,200
Patents (net)
8,600
Common stock, $10 par
44,100
Preferred stock, $100 par
Deferred taxes payable
2,800
Premium on common stock
16,300
Discount on bonds payable
2,500
Premium on preferred stock
7,000
Dividends payable
5,600
Prepaid insurance
2,600
Finished goods
23,800
Raw materials
10,100
Income taxes payable
8,900
Retained earnings
28,100
Interest payable
500
Unearned rent
Investment in available-for-sale stock
16,400
Unrealized increase in value of available-for-sale stock
2,000
Land
17,000
Wages payable
2,700
Machinery and equipment
57,800
Work in process
14,700
Required
Prepare a properly classified balance sheet for the Green Manufacturing Company on December 31, 2007. List the additional parenthetical or note disclosures (if any) that should be made for each item. Compute the working capital and the current ratio.
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