Bruno Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds
for expansion. BRUNO COMPANY
DECEMBER 31 2012
Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $161620 and for the
office equipment $106620. The allowance for doubtful accounts has a balance of $18620. The pension obligation is considered a long-term liability.
(List current assets in order of liquidity. List property plant and equipment in order of buildings and equipment.)