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Presented below is the balance sheet of Tamarisk Corporation as of December 31, 2017.

TAMARISK CORPORATION BALANCE SHEET DECEMBER 31, 2017
Assets
Goodwill (Note 2)		$ 121,650
Buildings (Note 1)		1,640,000
Inventory		313,750
Land		950,000
Accounts receivable		171,650
Treasury stock (50,000 shares)		88,650
Cash on hand		177,550
Assets allocated to trustee for plant expansion
Cash in bank		71,650
Debt investments (held-to-maturity)		139,650
		$3,674,550
Equities
Notes payable (Note 3)		$ 601,650
Common stock, authorized and issued, 1,000,000 shares, no par		1,151,650
Retained earnings		804,650
Noncontrolling interest		56,650
Appreciation capital (Note 1)		571,650
Income tax payable		76,650
Reserve for depreciation recorded to date on the building		411,650
		$3,674,550

Note 1: Buildings are stated at cost, except for one building that was recorded at appraised value. The excess of appraisal value over cost was $571,650. Depreciation has been recorded based on cost. Note 2: Goodwill in the amount of $121,650 was recognized because the company believed that book value was not an accurate representation of the fair value of the company. The gain of $121,650 was credited to Retained Earnings. Note 3: Notes payable are long-term except for the current installment due of $100,000. Prepare a corrected classified balance sheet in good form. The notes above are for information only.

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