Answer:
Balance sheet at December 31, 2020, for Sage Corporation.
Current Assets
Cash $201,720
Debt Investments (trading) $154,160
Equity Investments (long-term) $281,720
Accounts Receivable $436,160
Allowance for Doubtful Accounts ($26,160)
Inventory $601,720
Total Current Assets $1,649,320
Non-Current Assets
Land $261,160
Buildings $1,044,720
Franchises $160,000
Patents $195,000
Accumulated Depreciation-Buildings ($152,000)
Accumulated Depreciation-Equipment ($60,000)
Total Non-Current Assets $1,448,880
Current Liabilities
Notes Payable (short-term) $91,160
Dividends Payable $140,720
Accrued Liabilities $97,160
Total Current Liabilities $329,040
Non-Current Liabilities
Accounts Payable $456,160
Notes Payable (long-term) $904,720
Bonds Payable $1,004,720
Total Non-Current Liabilities $2,365,600
Stockholder's Equity
Common Stock ($5 par) $1,001,160
Treasury Stock $192,160
Retained Earnings $82,720
Paid-in Capital in Excess of Par $84,720
Total Stockholder's Equity $1,360,760
