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4. (25 pts) The following balances are available for Thompson Company on December 31, 2017: Accumulated depreciation $21,800 Accounts payable 11,200 Accounts receivable 9,800 Additional

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4. (25 pts) The following balances are available for Thompson Company on December 31, 2017: Accumulated depreciation $21,800 Accounts payable 11,200 Accounts receivable 9,800 Additional paid-in capital 24,000 Common stock 6,000 Cash 7,400 Fixed assets 89,400 Interest payable 2,400 Inventory 13,600 Long-term notes payable 28,000 Prepaid rent 2,500 Retained earnings Wages payable 6,400 Prepare a classified balance sheet at December 31, 2017

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