1 2 3 4 5 6 Current Assets: Cullen's Howard's Company Balance Sheet 30-Jun-24 Assets 7 Cash 8 Short Term Investments 9 Notes Receivable 10 Accounts Receivable 11 Merchandise Inventory 12 Prepaid Rent 13 Prepaid Insurance 14 Sales Supplies 15 Office Supplies 16 Deposit for Future Advertising 17 Total Current Assets 18 Investments: 19 Building, Not In Use 20 Property, Plant, & Equipment 21 Land 22 Delivery Equipment 23 Accumulated Depreciation - Delivery Equipment 24 Total Property, Plant, & Equipment 25 Intangible Assets 26 Trademark 27 Total Assets 28 29 Current Liabilities: 30 Accounts Payable 31 Salaries Payable 32 Interest Payable 33 Total Current Liabilities 34 Long Term Liabilities 35 Long Terms Notes Payable Liabilities 36 Total Liabilities 37 38 E. Cullen Capital 39 Total Liabilties & Owner's Equity Owners Equity 2 P2. The following information is from the June 30, 2019, post-closing trial balance of Mike's Hardware Company. 3 4 5 Cash 6 Account Name Short-Term Investments 7 8 9 10 11 Notes Receivable Accounts Receivable Merchandise Inventory Prepaid Rent Prepaid Insurance 12 Sales Supplies Debit $32,000 Credit 33,000 10,000 276,000 145,000 1,600 4,800 1,280 13 Office Supplies 440 1 current assets 2 Investments 3 PPE 4 Intangibles 5 current Liabilities 6 Longterm Liabilities 70/E 14 Deposit for Future Advertising 3,680 15 Building, Not in Use 49,600 16 Land 23,400 17 Delivery Equipment 41,200 18 Accumulated Depreciation-Delivery Equipment $28,400 19 Trademark 4,000 20 Accounts Payable 114,600 21 Salaries Payable 5,200 22 Interest Payable 840 23 Long-Term Notes Payable 80,000 24 M. Logan, Capital 396,960 25 $626,000 $626,000 26 27 Required: 28 From the information provided, prepare a classified balance sheet for Mike's Hardware Company.