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A2 - Total Contributed Capital Common Stock Preferred Stock...

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Total Contributed Capital Common Stock Preferred Stock $350,000 $280,000
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Investment - Trading Securities (Net) Investment - Treasury Securities Allowance - Treasury Securities $400,000 $62,600
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Machinery Accumulated Depreciation $145,800 $52,800 Book Value $93,000
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Bond Payable Unamortized Bond Discount $2,000,000 $134,600 Carrying Value $1,865,400
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Megan Co. Balance Sheet December 31, 2005 Assets Liabilities Current Assets Current Liabilities Cash $20,840 Accounts Payable Accounts receivable 12,600 Interest Payable Prepaid Insurance 4,680 Mortgage Payable Total Current Assets $38,120 Total current liabilities Property and Equipment Long-term Liabilities Building 105,800 Mortgage Payable Equipment 82,400 Total liabilities Land 61,200 Accumulated Depreciation - Building (45,600) Stockholder's Equity Accumulated Depreciation - Equipment (18,720) Common Stock Net Property and Equipment 185,080 Retained Earnings (12/31/05) Total assets $223,200 Total SE Total liabilities & SE Liabilities Current Liabilities Accounts Payable $11,500 Interest Payable 3,600 Mortgage Payable 13,600 Total current liabilities $28,700 Long-term Liabilities Mortgage Payable 80,000 80,000
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