3 These items are taken from the financial statements of Flounder Co. at December 31, 2025. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2025) Accumulated depreciation-buildings Accounts payable $95,220 11,340 2,880 10,656 74,160 55,080 702 4,770 2,340 54,000 36,000 41,040 8,550

These items are taken from the financial statements of Flounder Co. at December 31, 2025. Prepare a classified balance sheet. Assume that $12,240 of the note payable will be paid in 2026 . (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.) Question 3 of 7 Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2025) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue 10,656 74,160 55,080 702 4,770 2,340 54,000 36.000 41,040 8,550 84,240 16,848 3,240 13,230 Accumulated Depreciation-Equipment \begin{tabular}{|l|l|} \hline 16848 & i \\ \hline \end{tabular} ats Liabilities and Stockholders' Equity lablities rable sPayable Payable $ 12240 8550