Create a balance sheet

Correction of Balance Sheet You may use the attached spreadsheet to help you complete this activity, but you are not required to do so. You will find the spreadsheet by clicking on the green Excel licon in the upper left hand corner of the activity. On December 31, 2016, the Stevens Company's bookkeeper prepared the following balance sheet with items erroneously classified Stevens Company Balance Sheet For Year Ended December 31, 2016 Current Liabilities: 6,000 Accounts payable 5,900 Allowance for doubtful accounts 2,300 Salaries payable 3,300 Taxes payable 9,900 800 1,500 2,500 Accounts receivable Cash Treasury stock (at cost) Long-Term Investments: Temporary investments in marketable securities Investment in held-to-maturity bonds Property, Plant, and Equipment: Land Office supplies Buildings and equipment Intangbles Patents (net) Prepaid insurance (for& months) Long-Term Liabilties Bonds payable (due 2020) Unearned rent (for 3 months) Shareholders' Equity 3,200 11,000 10,000 900 24,200 800 Accumulated depreciation on buildings and equipment 9,200 10,400 12,000 8,100 Retained earnings 35,600 Additional paid-in capital on common stock Common stock, $10 par 5,000 1,200 Prepaid insurance (for 6 months) Discount on bonds payable 1,000 82,400 Total Credits Required: You determine that the account balances listed on the balance sheet are correct but, in certain cases, incerrectly classifted Prepare a properly classified balance sheet for the Stevens Compeny as of December 33, 2016 Stevens Company December 31,2016 Prepaid items Long-Term Investments Property, Plant, and Equipment Nod HWK 4 eBook Spreadsheet Calculator Property, Plant, and Equipment: Intangible Assets: Liabilities Current Liabilities: Long-Term Liabilities: Shareholders' Equity Contributed Capital: Check My Work Assignment Score: 0.0% All work saved. Current Liabilities: Long-Term Liabilities: Shareholders' Equity Contributed Capital: Check My Work