Brookdale Hospital hired an inexperienced controller early in 20X4. Near the end of 20X4, the board of directors decided to conduct a major fund-raising campaign. They wished to have the December 31, 20X4, statement of financial position for Brookdale fully conform with current generally accepted principles for hospitals. The trial balance prepared by the controller at December 31, 20X4, follows: Debit Credit
Cash $100,800
Investment in Short-Term Marketable Securities 200,500
Investment in Long-Term Marketable Securities 300,900
Interest Receivable 15,900
Accounts Receivable 55,300
Inventory 35,800
Land 122,000
Buildings & Equipment 935,400
Allowance for Depreciation $259,100
Accounts Payable 41,900
Mortgage Payable 320,900
Fund Balance 1,144,700
Total 1,766,600 $1,766,600

Additional Information
1. Your analysis of the contributions receivable as of December 31, 20X4, determined that there were unrecognized contributions for the following:

Unrestricted use 40000
Cancer research 10000
Purchase of equipment 20000
Permanently restricted endowment principal 30000
Total 100000

2. Short-term investments at year-end consist of $150,000 of unrestricted funds and $50,000 of funds restricted for future cancer research. All of the long-term investments are held in the permanently restricted endowment fund.
3. Land is carried at its current market value of $120,000. The original owner purchased the land for $70,000, and at the time of donation to the hospital, it had an appraised value of $95,000.
4. Buildings purchased 11 years ago for $600,000 had an estimated useful life of 30 years.

Equipment costing $150,000 was purchased 7 years ago and had an expected life of 10 years. The controller had improperly increased the reported values of the buildings and equip- ment to their current fair value of $935,000 and had incorrectly computed the accumulated depreciation.

5. The board of directors voted on December 29, 20X4, to designate $100,000 of unrestricted funds invested in short-term investments for developing a drug rehabilitation center.

Required:
Prepare in good form a balance sheet for Brookdale Hospital at December 31, 20X4.