CALCULATOR Exercise 2-06 Your answer is partially correct. Try again. The following items are taken from the financial statements of Cullumber Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation---land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $196,300 22,100 10,000 11,950 82,400 261,600 46,250 6,300 12,100 75,500 509,000 33,900 9,500 85,000 18,900 3,000 14,900 47,100 72,700 5,100 Prepare a classified balance sheet. Assume that $9,600 of the mortgage payable will be paid in 2023. (List Current Assets in order of liquidity. List Propert Buildings, Equipment and Land Improvements.) CULLUMBER COMPANY Balance Sheet December 31, 2022 Search CULLUMBER COMPANY Balance Sheet December 31, 2022 (in millions) Assets Current Assets Cash 11950 Accounts Receivable 22100 Supplies 10000 Notes Receivable sudy 6300 Debt Investments 5100 Total Current Assets 55450 Long-Term Investments Stock Investments 72700 Property, Plant and Equipment Land 196300 Accumulated Depreciation Buildings 261600 Less Accumulated Depreciation-Buildings T 33900 227700 e to search CALCULATOR Accumulated Depreciation-Buildings T 33900 227700 Equipment 82400 Less Accumulated Depreciation-Equipment 18900 Land Improvements 46250 Less Accumulated Depreciation-Land Improvements 12100) 7 521650 Intangible Assets Patents 47100 Total Assets 696900 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 9500 Mortgage Payable 9600 Interest Payable 3000 Income Taxes Payable 14900 Total Current Liabilities 37000 Long-Term Liabilities Mortgage Payable earch Interest Payable 3000 Income Taxes Payable 14900 Total Current Liabilities 37000 Long-Term Liabilities Mortgage Payable 75400 Total Liabilities 112400 Stockholders' Equity Common Stock 75500 Retained Earnings 509,000 Total Stockholders' Equity 584500 Total Liabilities and Stockholders' Equity 696900 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT