Classified Baiance Sheet Jerrison Company operates a wholesale hardware business. The following balance stheet accounts and balances are available for Jerrison at December 31 . Required: 1. Prepare a classified balance sheet for Jerrison at December 31 . Prepare a ciassified balance sheet for Jerrison at December 31. 3 mote Check My Work uses remaning Trucks, net Equipment, net Total property, plant, and equipment Total assets Llabilities Current liabilities: Total current liabilities: Long-term liabilities: Total liabilities Storkholdare' Foility Check My Work 3 more Check My Work uses remaining All work saved. Email instructor: Save and Exit 3. Conceptual Connection: If Jerrison's management is concerned that a large portion of its inventory is obsolete and cannot be sold, hew will Jerrison's liquidity be affected? If a large portion of inventory cannot be sold, Jerrison will sufficient cash flow to pay its obligations as they become due. 3 more Check My Work uses remaining