Ari Company's December 31 post-closing trial balance contains the followoing normal balances:

Prepare a December 31 classified balance sheet for Ari Company.

Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation-Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation-Building 135,000 Wages payable 6,000 Patent (net of amortization) 120,000 Notes payable (short term) 131,000 Inventory 206,000 Equipment 600,000 Allowance for doubtful accounts 2,000 Required Prepare a December 31 classified balance sheet for Ari Company Do not use negative signs with any of your answers. Do not use negative signs with any of your answers. ARI COMPANY Balance Sheet December 31 Assets Current Assets: Cash Accounts Receivable Total Current Assets Plant Assets: Land Building Total Plant Assets Intangible Assets: Total Assets Liabilities Current Liabilities: Wages Payable Notes Payable (short term) Total Current Liabilities Long-Term Liabilities: Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity