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create a classified balance sheet. $1,255,000 Goodwill 6,000 Common stock $212,000 5,000 Property, plant, and equipment Interest payable Line of credit, due on demand Customer
create a classified balance sheet.
$1,255,000 Goodwill 6,000 Common stock $212,000 5,000 Property, plant, and equipment Interest payable Line of credit, due on demand Customer list Additional paid-in capital Salaries payable Cash and cash equivalents Pension liability 120,000 Prepaid Insurance 35,000 Accounts payable 545,000 Retained earnings December 31, 2019 12,000 Accumulated depreciation 85,000 Accounts receivable, net 65,000 Accumulated other comprehensive loss Note payable, due in annual installments of 436,000 $25,000 24,000 50,000 410,000 145,000 120,000 5,000 Inventory Land held for future expansion 136,000 plus interest on December 31 675,000
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