Presented below is the trial balance of Vivaldi Corporation at December 31, 2012.
| Debit | Credit | |||
| Cash | $200,110 | |||
| Sales | $7,903,550 | |||
| Debt Investments (trading) (cost, $145,000) | 156,550 | |||
| Cost of Goods Sold | 4,803,550 | |||
| Debt Investments (long term) | 302,110 | |||
| Equity Investments (long term) | 280,110 | |||
| Notes Payable (short term) | 93,550 | |||
| Accounts Payable | 458,550 | |||
| Selling Expenses | 2,003,550 | |||
| Investment Revenue | 64,580 | |||
| Land | 260,000 | |||
| Buildings | 1,043,110 | |||
| Dividends Payable | 139,110 | |||
| Accrued Liabilities | 99,550 | |||
| Accounts Receivable | 438,550 | |||
| Accumulated Depreciation%u2014Buildings | 352,000 | |||
| Allowance for Doubtful Accounts | 28,550 | |||
| Administrative Expenses | 901,580 | |||
| Interest Expense | 212,580 | |||
| Inventory | 600,110 | |||
| Extraordinary Gain | 81,580 | |||
| Notes Payable (long term) | 903,110 | |||
| Equipment | 603,550 | |||
| Bonds Payable | 1,003,110 | |||
| Accumulated Depreciation%u2014Equipment | 60,000 | |||
| Franchises | 160,000 | |||
| Common Stock ($5 par) | 1,003,550 | |||
| Treasury Stock | 194,550 | |||
| Patents | 195,000 | |||
| Retained Earnings | 81,110 | |||
| Paid in Capital in Excess of Par | 83,110 | |||
| $12,355,010 | $12,355,010 |
Calculate ending retained earnings and prepare a balance sheet at December 31, 2012, for Vivaldi Corporation. Ignore income taxes. (List current assets in order of liquidity. List property plant and equipment in order of land, building and equipment.)