Presented below is the adjusted trial balance of Dubai Corporation at December31, 2020. Current Assets: Cash $190,000 Trading securities at fair value 80,000 Accounts receivable 250,000 Allowance for doubtful accounts $10,000 Inventories, at lower of average cost or market 400,000 Supplies 60,000 Oil & Gas 40,000 Prepaid rent 16,000 Prepaid expenses 14,000 Total current assets Long-term investments: Land held for future use 800,000 LT investments 500,000 Property, plant, and equipment Building 300,000 Accumulated. Dep. building 50,000 Equipment 700,000 Accumulated Dep. equipment 150,000 30,000 25,000 Intangible assets Goodwill Copyrights Total Assets Current liabilities Accounts payable Notes payable (due next year) Rent payable Total current liabilities Long-term liabilities Bonds payable Premium on bonds payable Pension obligation LT loan Total liabilities 75,000 55,000 35,000 355,000 5,000 85,000 600,000 1,000,000 300,000 250,000 100,000 335,000 3,405,000 3,405,000 Stockholders' equity Common stock, $2 par, authorized 800,000 shares, issued 500,000 shares Additional paid-in capital CS Preferred stock, $5 par, issued 50,000 Additional paid-in capital PS Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Prepare the following: 1. current assets section of balance sheet. 2. LT investment section of balance sheet. 3. Intangible assets section of balance sheet. 4. Other assets section of balance sheet. 5. Current liabilities section of balance sheet. 6. LT liabilities section of balance sheet. 7. Stockholders' equity section of balance sheet. 8. Complete balance sheet.

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