The following data pertain to Kabli, Inc.: Accounts Payable, $20,400;

Accounts Receivable, $15,200; Accumulated Depreciation–Building, $5,600;

Accumulated Depreciation–Equipment, $6,800; Bonds Payable, $24,000;

Building, $28,000; Cash, $12,480; Common Stock, $10 par, 4,000 shares authorized, issued, and outstanding, $40,000; Copyright, $2,480; Equipment,

$60,800; Inventory, $16,000; Investment in Corporate Securities (long-term),

$8,000; Investment in Six-Month Government Securities, $6,560; Land,

$3,200; Paid-in Capital in Excess of Par Value, $20,000; Prepaid Rent, $480;

Retained Earnings, $35,280; and Revenue Received in Advance, $1,120.

Prepare a classified balance sheet at December 31, 20xx.

Classification of Accounts: Income Statement