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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,
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 2 Other current liabilities 18,000 Prepare a classified balance sheet for Cambridge Company Cambridge Company Balance Sheet December 31 Assets Current Assets 0 Other current assets Total Current Asset Labilities & Stockholders' Equity Current liabilities 0 0 Other current liabilities O Total Current bites O Noncurrent abilities 0 Total Liabilities stockholders Equity 0 common stock. 0 0 Total Stockholders Equity 0 Total Liabilities & Stockholder Equity 0 D Noncurrent AS 0 0 Other long-termes Total Noncurrent AS Total 0
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