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Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts Payable $118,480 Equipment 421,800 Common Stock 201,000 Income Tax

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Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts Payable $118,480 Equipment 421,800 Common Stock 201,000 Income Tax Payable 3,920 Retained Earnings 54,900 Notes Payable, due Year 5 343,400 Accounts Receivable 202,700 Cash 97,200 Required: Prepare a classified balance sheet at December 31, Year 3. EVAN MCGRUDER, INC. Balance Sheet 0 0 0 0 HA 0 $

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