1 1 E 2-7 Financial Statements: An Overview Chapter 2 $59 Balance Sheet Prparation From the following data, prepare a classified balance sheet for Taylorsville Construction Company on December 31, 2017. Accounts payable $ 74,300 Accounts receivable 113,500 Supplies Land Buildings 512,000 Mortgage payable Equity, 1/1/17 314,300 Net income for 2017 Cash... 153,600 Equity, 12/31/17 Distributions to owners during 2017 48,100 $ 4,250 90,000 423,400 109,450