Classified Balance Sheet

The Cambridge Company collected the following information for the preparation of its December 31 classified balance sheet:

Accounts receivable	$15,000	Property, plant, and equipment	$200,000
Cash	20,000	Inventory	65,000
Other current assets	30,000	Other long-term assets	40,000
Accounts payable	21,000	Common stock	10,000
Long-term liabilities	55,000	Retained earnings	?
Other current liabilities	18,000

Prepare a classified balance sheet for Cambridge Company.

Cambridge Company
Balance Sheet
December 31
Assets		Liabilities & Stockholders' Equity
Current Assets:		Current Liabilities:
AnswerAccounts payableAccounts receivableCashCommon stockInventoryLong-term liabilitiesOther current liabilitiesOther long-term assetsProperty plant and equipmentRetained earnings	Answer	AnswerAccounts payableAccounts receivableCashCommon stockInventoryLong-term liabilitiesOther current liabilitiesOther long-term assetsProperty plant and equipmentRetained earnings	Answer
AnswerAccounts payableAccounts receivableCashCommon stockInventoryLong-term liabilitiesOther current liabilitiesOther long-term assetsProperty plant and equipmentRetained earnings	Answer	Other current liabilities	Answer
AnswerAccounts payableAccounts receivableCashCommon stockInventoryLong-term liabilitiesOther current liabilitiesOther long-term assetsProperty plant and equipmentRetained earnings	Answer	Total Current Liabilities	Answer
Other current assets	Answer	Noncurrent Liabilities:
Total Current Assets	Answer	AnswerAccounts payableAccounts receivableCashCommon stockInventoryLong-term liabilitiesOther current liabilitiesOther long-term assetsProperty plant and equipmentRetained earnings	Answer
		Total Liabilities	Answer
Noncurrent Assets:		Stockholders' Equity
AnswerAccounts payableAccounts receivableCashCommon stockInventoryLong-term liabilitiesOther current liabilitiesOther long-term assetsProperty plant and equipmentRetained earnings	Answer	Common stock	Answer
Other long-term assets	Answer	AnswerAccounts payableAccounts receivableCashCommon stockInventoryLong-term liabilitiesOther current liabilitiesOther long-term assetsProperty plant and equipmentRetained earnings	Answer
Total Noncurrent Assets	Answer	Total Stockholders' Equity	Answer
Total Assets	Answer	Total Liabilities & Stockholders Equity	Answer