Chapter 5 - Problem 2 (30 points) The following is a partial listing of accounts for ABC, Inc., for the year ended December 31, 2012. Inventory Patent Current Maturities of Long-Term Debt Accumulated Depreciation Accounts Receivable Copyrights Treasury Stock Prepaid Expenses Deferred Taxes Allowance for Doubtful Accounts Retained Earnings Accounts Payable Cash and Cash Equivalents Long-term loan Income Taxes Payable Additional Paid-In Capital Equipment Long-Term Debt Common Stock Notes Payable (short-term) $ 21,000 190 1,257 9,980 24,000 278 251 2,199 8,506 915 18,951 19,021 8,527 3,559 8,356 9,614 41, 905 15, 258 3,895 6,156 Required: Prepare a classified statement of financial position (balance sheet) in good format for December 31, 2012. Chapter 5 - Problem 2 (30 points) The following is a partial listing of accounts for ABC, Inc., for the year ended December 31, 2012. Inventory Patent Current Maturities of Long-Term Debt Accumulated Depreciation Accounts Receivable Copyrights Treasury Stock Prepaid Expenses Deferred Taxes Allowance for Doubtful Accounts Retained Earnings Accounts Payable Cash and Cash Equivalents Long-term loan Income Taxes Payable Additional Paid-In Capital Equipment Long-Term Debt Common Stock Notes Payable (short-term) $ 21,000 190 1,257 9,980 24,000 278 251 2,199 8,506 915 18,951 19,021 8,527 3,559 8,356 9,614 41, 905 15, 258 3,895 6,156 Required: Prepare a classified statement of financial position (balance sheet) in good format for December 31, 2012