Conlon Corporation's December 31 post-closing trial balance contains the following normal account balances:

Cash	$2,200
Accounts payable	14,300
Building	308,000
Long-term notes payable	1,045,000
Common stock	440,000
Retained earnings	388,300
Accumulated depreciation-Equipment	143,000
Land	1,240,800
Accounts receivable	23,100
Accumulated depreciation-Building	77,000
Interest payable	26,400
Patent (net of amortization)	55,000
Notes payable (short term)	88,000
Inventory	150,700
Equipment	292,600
Allowance for doubtful accounts	1,100
Accumulated depreciation-Leasehold improvements	24,200
Leasehold improvements	154,000
Trademark (net of amortization)	20,900

Required

Prepare a December 31 classified balance sheet for Conlon Corporation.

Do not use negative signs with any of your answers.

CONLON CORPORATION Balance Sheet December 31
Assets
Current Assets:
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)		Answer
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)	Answer
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)	Answer	Answer
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)		Answer
Total Current Assets		Answer
Plant Assets:
Land		Answer
Building	Answer
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)	Answer	Answer
Equipment	Answer
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)	Answer	Answer
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)	Answer
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLess: Accumulated DepreciationLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)	Answer	Answer
Total Plant Assets		Answer
Intangible Assets:
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)		Answer
Patent (net of amortization)		Answer
Total Intangible Assets		Answer
Total Assets		Answer
Liabilities
Current Liabilities:
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)		Answer
Interest Payable		Answer
Notes Payable (short term)		Answer
Total Current Liabilities		Answer
Long-Term Liabilities:
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)		Answer
Total Liabilities		Answer
Stockholders' Equity
Stockholders' Equity
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)		Answer
AnswerAccounts ReceivableLess: Allowance for Doubtful AccountsBuildingCashCommon StockEquipmentInventoryLandAccounts PayableNotes PayableNotes Payable (short term)Patent (net of amortization)Retained EarningsWages PayableLeasehold ImprovementsLess: Accumulated Depreciation - BuildingLess: Accumulated Depreciation - EquipmentLess: Accumulated Depreciation - L.I.Trademark (net of amortization)		Answer
Total Stockholders' Equity		Answer
Total Liabilities and Stockholders' Equity		Answer