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Question 1 Suppose the following items were taken from the 2017 financial statements of Splish Brothers Inc. (All dollars are in millions.) Common stock $2.250 Accumulated depreciation- equipment $2,150 Prepaid rent 150 Accounts payable 1,230 Equipment 7,100 Patents 2,270 Stock Investments (long- term) 710 Notes payable (long-term) 770 Debt investments (short- 1,980 Retained earnings term) 10,050 Income taxes payable 110 Accounts receivable 1,770 Cash 1,490 Inventory 1,090 Prepare a classified balance sheet in good form as of December 31, 2017. (List current assets in order of liquidity.) Splish Brothers Inc. Balance Sheet (in millions) Assets Gateway Llabilities and Stockholders' Equity Click if you would like to Show Work for this question: s gx wi Gateway