Account Debit Credit Cash Solve Notes payable, due in 10 years 12,000 Treasury stock at cost $ 5,600 Accumulated other comprehensive income 1,000 Current portion of long-term debt 500 Property, plant, and equipment-net 46,500 Investments in affiliate companies (noncurrent) 3,000 Accounts receivable 8,000 Bonds payable, due in 20 years 20,000 Common stock, $1 par value 15,000 Investments at fair value (available-for-sale) (noncurrent) 2,100 Accounts payable 6,200 14,800 Additional paid-in capital 300 Dividends payable 4,000 Intangible assets-net 5,800 Merchandise inventory 1,500 Income taxes payable 6,800 Retained earnings Centre Company provided the following listing of the current year's post-closing account balances. (Click the icon to view the financial data.) Centre reported net income of $3,200 and declared dividends amounting to $600. Unrealized losses on the company's available-for-sale portfolio amounted to $400 for the current year. There are no other events that affect stockholders' equity Requirement Prepare a classified balance sheet at December 31 of the current year. Review Only Click the icon to see the Worked Solution. Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity sections. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Centre Company Balance Sheet At December 31 Assets (1) (2 (3 |(4) (5) (6) (7) (8) (9) (10) (11) (12) (13) ilities abI HS (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) Stockholders' Equity (26) (27) (28) (29) (30) Less: (31) (32) 2: Account balances