Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3:

Accounts Payable	$	118,020		Retained Earnings		55,000
Equipment		421,900		Notes Payable, due Year 5		343,500
Common Stock		201,500		Accounts Receivable		202,800
Income Tax Payable		3,930		Cash		97,250

Required:

Prepare a classified balance sheet at June 30, Year

Balance Sheet
At June 30, Year 3
Assets		Liabilities
Current Assets:		Current Liabilities:
Total Current Assets		Total Current Liabilities
		Total Liabilities
		Stockholders Equity
		Total Stockholders Equity
Total Assets		Total Liabilities & Stockholders Equity