Accounts payable $240,000 Accounts receivable 140,100 Accumulated depreciation-buildings 180,400 Accumulated depreciation-equipment 52,000 Allowance for doubtful accounts 5,200 Bonds payable (10%, due 2028) 500,300 Buildings 949,000 Cash 42,200 Common stock ($10 par value; 499,000 shares authorized, 149, 100 shares issued) 1,491,000 Dividends payable 79,200 Equipment 275,200 Goodwill 200,000 Income taxes payable 120,300 Inventory 169,900 Investment in Mara common stock (30% ownership), at equity 380,100 Investment in Sasse common stock, at fair value 278,700 Land 389,900 Notes payable (due 2021) 70,000 Paid-in capital in excess of par-common stock 139,400 Premium on bonds payable 40,800 Prepaid insurance 16,000 Retained earnings 103,100 Short-term investments, at fair value 180,600 The investment in Sasse common stock is considered to be a long-term security Prepare a classified balance sheet at December 31, 2020. (List assets in order of liquidity. List Property, plant and equipment list in order of land, SANDHILL CORPORATION Balance Sheet Assets CALC V Lancar