12 Prepare a classified balance sheet for Tucson Co. for the year ended December 31 using the following data. (Amounts to be deducted should be indicated by a minus sign.) 3 points eBook Common stock Cash Equipment Retained earnings Accounts receivable Paid-in capital in excess of par value, common stock Notes payable Preferred stock Common dividend payable Accounts payable Treasury stock Paid in capital in excess of par value, preferred stock $ 1,800 21,000 30,000 9,580 4,000 17,800 11,880 8,888 6, eee 6,500 6,800 2,800 Print References TUCSON CO. Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total assets Liabilities Current liabilities Total current liabilities Long-term liabilities Total liabilities Equity 12 Prepare a classified balance sheet for Tucson Co. for the year ended December 31 using the following data. (Amounts to be deducted should be indicated by a minus sign.) 3 points Common stock Cash Equipment Retained earnings Accounts receivable Paid-in capital in excess of par value, common stock Notes payable Preferred stock Common dividend payable Accounts payable Treasury stock Paid-in capital in excess of par value, preferred stock $ 1,000 21,000 30,000 9,500 4,000 17,000 11,000 8,000 6,000 6,500 6,000 2,000 Answer is not complete. TUCSON CO. Balance Sheet December 31 Assets Current assets Cash 21.000 4.000 Accounts receivable Total current assets 25,000 Plant assets Equipment 30,000 Total assets $ 55,000 Liabilities Current liabilities Liabilities $ Current liabilities Notes payable Accounts payable Common dividend payable Total current liabilities Long-term liabilities 11,000 6,500 6,000 23,500 Total liabilities 23,500 Equity Total equity Total liabilities and equity 0 23,500 $