The following is the adjusted trial balance of the IWD Company as of December 31, 2014:

| April 14, 2018

The following is the adjusted trial balance of the IWD Company as of December 31, 2014:IWD CompanyAdjusted Trial BalanceDecember 31, 2014DebitsCreditsCash$118,400Accounts Receivables472,000Allowance for Doubtful Accounts$25,100Prepaid Insurance17,000Inventory890,600Long-term Investments978,700Land245,400Construction Work in Process358,000Patents103,500Equipment1,154,800Accumulated Depreciation – Equipment404,200Unamortized Discount on Bonds Payable58,000Accounts Payable427,300Accrued Expenses142,000Notes Payable271,400Bonds Payable1,154,800Common Stock1,443,500Premium on Common Stock129,900Retained Earnings398,200$4,396,400$4,396,400Additional information:The company purchased the patents for $115,000 and amortizes the cost using the straight-line method of amortization.In 2015, $5,800 of the unamortized discount on bonds payable will be amortized.The long-term investments consist of both stocks and bonds. The costs of the investments equal the fair market value of the investments.The company has an outstanding bank loan recorded as a notes payable. The loan is due in 2015 and is secured by long-term investments in the amount of $346,000.The bonds payable pay 8% interest each December 31. They are due on January 1, 2025. The interest payable on December 31, 2014 has been paid.The Construction Work in Process represents a new factory building under construction.The Land represents the land on which the new factory is being constructed.The company uses the FIFO method of inventory valuation.The company has authorized 1,732,000 shares of common stock with a $1 par value. During 2014, there were 1,443,500 shares issued and outstanding.The company ends its accounting year on December 31.All adjusting entries for 2014 have been properly recorded.Instructions, using Excel:Prepare a balance sheet in good form as of December 31, 2014 which fully discloses all important information.

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