On December 31, 2010, the Stevens Company bookkeeper prepared the following erroneously classified balance sheet:

Required
You determine that the account balances listed on the balance sheet are correct but, in certain cases, incorrectly classified. Prepare a properly classified balance sheet for the Stevens Company as of December 31,2010.

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STEVENS COMPANY Balance Sheet For Year Ended December 31, 2010 Current Assets Inventory Accounts receivable Cash Treasury stock (at cost) Long-Term Investments Temporary investments in marketable securities Investment in held-to-maturity bonds Plant and Equipment Land Office supplies Buildings and equipment Intangibles Patents (net) Prepaid insurance (for 6 months) Discount on bonds payable Total Assets Current Liabilities 6,000 Accounts payable 5,900 Allowance 2,300 Salaries payable 3,300 Taxes payable $ 9,900 800 1,500 2,500 for doubtful accounts Long-Term Liabilities Bonds payable (due 2017) 11,000 3,200 Unearned rent (for 3 months) 10,000 8, 100 800 Owners' Equity 35,600 Retained earnings 24,200 Accumulated depreciation on buildings 5,000 and equipment 1,200 Premium on common stock 1,000 Common stock, $10 par 9,200 10,400 12,000 $82,400 82,400 Total Credits