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1.The following accounts and balances were taken from the financial statements of r@ktas Inc. Prepare a classified balance sheet as of December 31,2018. Bank

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1.The following accounts and balances were taken from the financial statements of r@ktas Inc. Prepare a classified balance sheet as of December 31,2018. Bank credit $40.000 Short-term investments $ 80.000 Accounts payable $5.000 Cash Inventory Capital $15,000 $75,000 ? Property&Equipment $120,000 Prepaid insurance $12,000 Retained earnings $43,000 r@ktas Inc. Balance Sheet at December 31,2020

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