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Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for

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Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Additional Information: 1. The $120,000 balance in the land accou The remaining $20,000 represents the 2. The $44,000 balance in the investment i corporation. Valley intends to sell one-ha 3. The notes payable account consists of $50,000 each, with the first payment due Required: Prepare a classified balance sheet for the v determine appropriate classifications and a Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Additional Information: 1. The $120,000 balance in the land accou The remaining $20,000 represents the 2. The $44,000 balance in the investment i corporation. Valley intends to sell one-ha 3. The notes payable account consists of $50,000 each, with the first payment due Required: Prepare a classified balance sheet for the v determine appropriate classifications and a

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