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Exercise 5-12 Presented below is the trial balance of Bonita Corporation at December 31, 2017.

Debit Credit

Cash $ 198,550

Sales $ 8,101,220

Debt Investments (trading) (cost, $145,000) 154,220

Cost of Goods Sold 4,800,000

Debt Investments (long-term) 300,550

Equity Investments (long-term) 278,550

Notes Payable (short-term) 91,220

Accounts Payable 456,220

Selling Expenses 2,001,220

Investment Revenue 64,400

Land 261,220

Buildings 1,041,550

Dividends Payable 137,550

Accrued Liabilities 97,220

Accounts Receivable 436,220

Accumulated Depreciation-Buildings 152,000

Allowance for Doubtful Accounts 26,220

Administrative Expenses 901,400

Interest Expense 212,400

Inventory 598,550

Gain (extraordinary) 81,400

Notes Payable (long-term) 901,550

Equipment 601,220

Bonds Payable 1,001,550

Accumulated Depreciation-Equipment 60,000

Franchises 160,000

Common Stock ($5 par) 1,001,220

Treasury Stock 192,220

Patents 195,000

Retained Earnings 79,550

Paid-in Capital in Excess of Par 81,550

Totals $12,332,870 $12,332,870

Prepare a balance sheet at December 31, 2017, for Bonita Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)

BONITA CORPORATION Balance Sheet ???

Liabilities and Stockholders' Equity ???

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