The following information is taken from the 2020 annual report of Sarasota, Inc. Sarasotas fiscal year ends December 31 of each year. Sarasotas December 31, 2020, balance sheet is as follows.

Sarasota, Inc. Balance Sheet December 31, 2020
Assets
Cash		$490
Inventory		1,640
Total current assets		2,130
Plant and equipment		2,200
Accumulated depreciation		(176)
Total assets		4,154
Liabilities
Bonds payable (net of discount)		$1,426
Stockholders equity
Common stock		1,500
Retained earnings		1,228
Total liabilities and stockholders equity		$4,154

Note X: Long Term Debt: On January 1, 2019, Sarasota issued bonds with face value of $1,500 and a coupon rate equal to 10%. The bonds were issued to yield 12% and mature on January 1, 2024. Additional information concerning 2021 is as follows.

1.		Sales were $3,700, all for cash.
2.		Purchases were $2,200, all paid in cash.
3.		Salaries were $640, all paid in cash.
4.		Property, plant, and equipment was originally purchased for $2,200 and is depreciated straight-line over a 25-year life with no salvage value.
5.		Ending inventory was $2,000.
6.		Cash dividends of $100 were declared and paid by Sarasota.
7.		Ignore taxes.
8.		The market rate of interest on bonds of similar risk was 12% during all of 2021.
9.		Interest on the bonds is paid semiannually each June 30 and December 31. Prepare a balance sheet for Sarasota, Inc. at December 31, 2021. Assume semiannual compounding of the bond interest. (List Current Assets in order of liquidity.) SARASOTA, INC. Balance Sheet December 31, 2021For the Year Ended December 31, 2021For the Quarter Ended December 31, 2021 Assets Total Liabilities and Stockholders' EquityStockholders' EquityTotal AssetsTotal LiabilitiesTotal Stockholders' EquityTotal Plant and EquipmentCurrent AssetsLong-term LiabilitiesLong-term InvestmentsTotal Intangible AssetsTotal Long-term LiabilitiesTotal Current LiabilitiesTotal Long-term InvestmentsPlant and EquipmentTotal Current AssetsLiabilitiesIntangible Assets $ Current AssetsTotal Current AssetsTotal Current LiabilitiesLong-term InvestmentsTotal Plant and EquipmentTotal Stockholders' EquityIntangible AssetsStockholders' EquityPlant and EquipmentTotal Long-term LiabilitiesLong-term LiabilitiesTotal AssetsLiabilitiesTotal LiabilitiesTotal Intangible AssetsTotal Long-term InvestmentsTotal Liabilities and Stockholders' Equity $ Total LiabilitiesTotal Current LiabilitiesTotal Current AssetsTotal Long-term LiabilitiesLiabilitiesLong-term LiabilitiesIntangible AssetsPlant and EquipmentStockholders' EquityTotal Plant and EquipmentTotal Long-term InvestmentsLong-term InvestmentsTotal Liabilities and Stockholders' EquityTotal Intangible AssetsTotal Stockholders' EquityTotal AssetsCurrent Assets AddLess: Total Stockholders' EquityLong-term LiabilitiesTotal Long-term InvestmentsIntangible AssetsLiabilitiesTotal Current LiabilitiesTotal Plant and EquipmentLong-term InvestmentsCurrent AssetsTotal Current AssetsPlant and EquipmentTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal AssetsStockholders' Equity Total Current LiabilitiesTotal AssetsLong-term InvestmentsTotal Long-term InvestmentsCurrent AssetsTotal Liabilities and Stockholders' EquityStockholders' EquityLong-term LiabilitiesTotal Plant and EquipmentTotal Stockholders' EquityTotal Long-term LiabilitiesTotal Current AssetsTotal Intangible AssetsLiabilitiesTotal LiabilitiesIntangible AssetsPlant and Equipment $ Liabilities and Stockholders' Equity LiabilitiesCurrent AssetsIntangible AssetsTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Plant and EquipmentTotal Long-term LiabilitiesLong-term InvestmentsTotal AssetsStockholders' EquityLong-term LiabilitiesTotal Long-term InvestmentsTotal Current LiabilitiesPlant and EquipmentTotal Intangible AssetsTotal Current AssetsTotal Liabilities $ Long-term InvestmentsTotal Current AssetsTotal Plant and EquipmentTotal Stockholders' EquityTotal LiabilitiesTotal Intangible AssetsLong-term LiabilitiesTotal Liabilities and Stockholders' EquityStockholders' EquityTotal Long-term LiabilitiesCurrent AssetsTotal AssetsIntangible AssetsTotal Long-term InvestmentsLiabilitiesTotal Current LiabilitiesPlant and Equipment $ Total Long-term InvestmentsPlant and EquipmentTotal Plant and EquipmentTotal AssetsTotal Stockholders' EquityCurrent AssetsLong-term InvestmentsIntangible AssetsLong-term LiabilitiesTotal Long-term LiabilitiesTotal Liabilities and Stockholders' EquityTotal Intangible AssetsLiabilitiesTotal Current AssetsTotal LiabilitiesTotal Current LiabilitiesStockholders' Equity Total Current AssetsTotal Current LiabilitiesTotal Stockholders' EquityTotal AssetsTotal Liabilities and Stockholders' EquityLong-term LiabilitiesTotal Long-term InvestmentsCurrent AssetsIntangible AssetsLong-term InvestmentsLiabilitiesTotal Intangible AssetsStockholders' EquityTotal Plant and EquipmentTotal LiabilitiesPlant and EquipmentTotal Long-term Liabilities $