E5-5B(Preparation of a Corrected Balance Sheet) Darling Company has decided to expand its operations.

E5-5B(Preparation of a Corrected Balance Sheet) Darling Company has decided to expand its operations. The bookkeeper recently completed the balance sheet in order to obtain additional funds for expansion. DARLING COMPANY, BALANCESHEET, DECEMBER 31, 2012, Current assets, Cash $ 105,000,Accounts receivable (net) 411,000 Inventories at lower of average cost or market 561,000, Available-for-sale securitiesat cost (fair value $65,000) 50,000, Property, plant, and equipment Building (net) 1,561,000, Office equipment (net) 125,000, Land held for future use 251,000 Intangible assets, Patents 128,000, Cash surrender value of life insurance 26,000, Prepaid expenses 39,000, Current liabilities, Accounts payable 367,000, Notes payable (due next month) 75,000, Pension obligation 361,000, Unearned revenue 26,000, Premium on bonds payable 36,000, Long-term liabilities, Bonds payable 1,500,000, Stockholders' equity, Common stock, $1.00 par, authorized 1,000,000shares, issued 610,000 610,000, Additional paid-in capital 200,000, Retained earnings ? Instructions: Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $302,000 and for the office equipment, $86,000. The allowance for doubtful accounts has a balance of $37,000. The pension obligation is considered a long-term liability.