Use the following accounts with normal balances to prepare Bosco Company’s classified balance sheet as of December 31.

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Merchandise inventory.... $ 3,000 Land ... $24,000 Accounts receivable.. 5,000 Buildings...... 40,000 Cash and equivalents.... 7,000 Accounts payable 10,000 Notes payable (due in 8 years) 15,000 Wages payable 2,000 .... Accumulated depreciation-Buildings 22,000 A. Bosco, Capital. 30,000