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0.2 12 marks The following accounts appeared on the trail balance of Biden Company at December 31, 2019. Cash surrender for life insurance Notes Receivable

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0.2 12 marks The following accounts appeared on the trail balance of Biden Company at December 31, 2019. Cash surrender for life insurance Notes Receivable (Due 12/12/2023) Material control Salaries and Wages Payable Notes Payable (short-term) Appropriated Retained Earnings Accumulated Depreciation - mach. Preferred Stock Land used as parking Allowance for Doubtful Accts. Unappropriated Retained Earnings Accounts Payable 2,251,200 Cash 1,104,000 Customer list 12,642,000 Prepaid Rent for 3 years 273,600 Income Taxes Payable 1,536,000 Common Stock 2,352,000 Supplies 1,531,200 Machines 6,000,000 Trading Securities 3,720,000 Bank overdraft 62,400 Bonds Payable Due 1/1/2023 2,544,000 Accounts Receivable 3,279,600 Additional Paid-in Capital 1,364,000 1,543,200 448,000 1,248,000 9,000,000 302.400 15,408,000 585,600 45,600 9,600,000 4,147,200 1,310,400 Required: Prepare classified Balance sheet statement

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