Olympic Acquisitions, Inc., prepared the following post-closing trial balance at December 31, 2009:

Required:
Prepare a classified balance sheet for Olympic Acquisitions at December 31, 2009. Olympic reports the three categories of operating assets in separate subsections ofassets.

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Debit Credit Cash Accounts receivable Supplies Land Buildings Equipment Truck Franchise Goodwill Accounts payable Accumulated depreciation, buildings Accumulated depreciation, equipment Accumulated depreciation, truck Wages payable Interest payable Income taxes payable Notes payable (due in 8 years) Common stock Retained eamings Totals $ 6,400 15,000 26,000 42,000 155,000 279,000 32,000 49,600 313,500 4,100 112,000 153,000 16,300 7,000 7,300 12,000 190,000 300,000 116,800 040 500 $918,500 $918,500