Blackburn Building Products Company provided the following information for the current year ended December 31.

Required
a. Prepare the current-year classified balance sheet using the report format.
b. Prepare the current-year classified balance sheet using the account format.

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Debit Credit 645.235 $ 190,900 857,735 575,000 301,250 35,500 Notes payable, due in b years Retained earnings Obligations under capital leases inoncurrent) Obligations under pension plans Deferred tax liability inoncurrent Accumulatedother comprehensive loss Current portion of long-tarm dabt Property, plant, and equipment net Investments in affiliate companies inoncurrent) Accounts receivable Bonds payabla, due in 10 years Investments at fair value trading) Accounts payable Additional paid-in capital Dividends payable Equipment under capital lease Intangible assets-net Merchandise inventory Income taxes payable Common stock, $1 par value 356,700 356,800 2,745,600 567500 450,000 1,890,750 235,000 500,000 710,300 55,000 1,511,750 205,700 665,750 40,000 1,870,000 $7383 235 $7383235