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review the balance sheet and prepare the correct one in report form

The ABC has prepared its balance sheet and it has been given to you to review. Required: Review the balance sheet and prepare the correct one in report form. ABC Corporation Balance Sheet For Year Ended December 31, 2020 Current Assets: Current Liabilities: Cash $ 6,200 Accounts Payable $ 15,000 Accounts Receivable 13,000 Wages Payable 2,000 Inventory 30,000 Accumulated Depreciation 9/4Equipment 5,000 Treasury Stock 10,000 Accumulated Depreciation Buildings 10,000 , veryo ay to Inventory 30,000 Accumulated Depreciation %Equipment 5,000 Treasury Stock 10,000 Accumulated Depreciation 3.Buildings 10,000 Property, Plant, and Equipment: Land 7,000 Long-Term Liabilities: Trademarks 5,000 Current Taxes Payable 4,000 Buildings 45,000 Premium on Common Stock 3,000 Equipment 17,000 Bonds Payable 60,000 Intangibles: Notes Payable/Long Term 10,000 Organization Costs 4,000 Discount on Bonds Payable 2,000 Owners' Equity: Common Stock 31,200 Investments: Retained Earnings 12,000 Long-Term Investment in Allowance for Doubtful Bonds 8,000 Accounts 2,000 Marketable Securities4 Trademarks 5,000 4,000 Current Taxes Payable Buildings 45,000 3,000 Premium on Common Stock Equipment 17,000 Bonds Payable 60,000 Intangibles: Notes Payable Long Term 10,000 Organization Costs 4,000 Discount on Bonds Payable 2,000 Owners' Equity: Common Stock 31,200 Investments: Retained Earnings 12,000 Long-Term Investment in Allowance for Doubtful Bonds 8,000 Accounts 2,000 Marketable Securities/A Short-Term 7,000 Total Assets $154,200 $154,200

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