Classified balance sheet

Preparing a Classified Balance Sheet The following financial data for the St. John Corporation was collected as of December 31, 2013. All accounts have normal balances. Accounts Receivable $190,400 Accounts Payable34,800 Prepaid Insurance Common Stock 400,000 Retained Earnings Furniture & Equipment $194,000 92,800 600 Accumulated Depreciation 77,600 180,000 Cash Inventory Required Prepare a classified balance sheet as of December 31, 2013. Do not use negative signs with your answers ST. JOHN CORPORATION Balance Sheet December 31,2013 Assets Current Assets: Inventory Total Current Assets Long-term Assets