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Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts Payable $ 110,660 Retained Earnings 56,600 Equipment 423,500 Notes

Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3:

Accounts Payable $ 110,660 Retained Earnings 56,600
Equipment 423,500 Notes Payable, due Year 5 345,100
Common Stock 209,500 Accounts Receivable 204,400
Income Tax Payable 4,090 Cash 98,050

Required: Prepare a classified balance sheet at June 30, Year 3.

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