classified balance sheet at December 31. Accounts payable Land Cash Salaries payable Retained Earnings Machinery Prepaid insurance $ 12,800 Accounts receivable 38,000 Accumulated depreciation-Machinery 15,400 Notes payable (due in 7 years) 1,800 Long-term investments in bonds 28,400 Notes receivable (due in 4 years) 26,400 Merchandise inventory 5,200 Common stock $ 4,800 19,200 35,400 8,600 19,800 5,800 26,400