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2. Presented below are a number of balance sheet items for Chekov Corp. for the year 2019. Goodwill $365,000 Payroll taxes payable $177,591 Accumulated depreciation

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2. Presented below are a number of balance sheet items for Chekov Corp. for the year 2019. Goodwill $365,000 Payroll taxes payable $177,591 Accumulated depreciation -equipment 292,000 Inventories 239,800 Ordinary share capital $1 par value 1,500,000 Bonds payable 330,000 Unsecured notes payable (long term) 600,000 Income taxes receivable 97,630 Notes Receivable 445,700 Discount on Bond payable 15,000 Preference Shares $10 par value 250,000 Income tax payable 98,362 Note payable 345,000 Land 240,000 Account payable 490,000 Cash 360,000 Equipment 1,470,000 Prepaid expenses 87,920 Retained earnings ? Equity investment 121,000 Accumulated depreciation - buildings 270,000 Buildings 1,640,000 Instructions Prepare a classified balance sheet in good form. Common stock authorized was 3,000,000 shares, and Preferred stock authorized was 30,000 shares

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