Conner Corporation's December 31 post-closing trial balance contains the following normal account balances: Cash $10,000 Accounts payable 13,000 Building 260,000 Long-term notes payable 940,000 Common stock 420,000 Retained earnings 342,000 Accumulated depreciation-Equipment 130,000 Land 1,129,000 Accounts receivable 21,000 Accumulated depreciation-Building 70,000 Interest payable 24,000 Patent (net of amortization) 60,000 Notes payable (short term) 80,000 Inventory 137,000 Equipment 266,000 Allowance for doubtful accounts 1,000 Accumulated depreciation-Leasehold improvements 22,000 Leasehold improvements 140,000 Trademark (net of amortization) 19,000
Required Prepare a December 31 classified balance sheet for Dooley Company.
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