Following is a list of items taken from the December 31, 2017, balance sheet of Reagan Company (amounts omitted):
Accounts payable.......................................Goodwill
Accrued expenses......................................Income taxes payable
Accumulated depreciation-buildings..............Land
Accumulated depreciation-machinery.............Machinery and equipment
and equipment...........................................Notes payable to banks (short term)
Bonds payable..........................................Preferred stock
Buildings................................................Prepaid expenses
Cash......................................................Raw materials
Common stock..........................................Retained earnings
Contributed capital in excess of par..................Short-term investments
Current portion of long-term debt....................Trade accounts receivable
Deferred tax liability (noncurrent)....................Trademarks
Finished products inventory...........................Work-in-process inventory
Required:
Using the above information, prepare a classified balance sheet in good form.