Create a properly balance sheet and a balance sheet

Balance Sheet The following is a list (in random order) of KIP International Products Company's December 31, 2016 balance sheet accounts of the International Products Company: Additional Paid-In Capital on Preferred Stock Accounts Receivable Dividends Payable s 1,600 Accounts Payable $16,500 13,800 Prepaid Insurance 900 1,800 50,000 29,000 25,800 Discount on Bonds Payable Common Stock, $10 par Equipment Allowance for Doubtful Accounts 2,000 15,000 29,000 Buildings Bonds Payable (due 2019) Retained Earnings Office Supplies Current Income Taxes Payable Accumulated Depreciation: Equipment Patents (net) Notes Payable (due January 1, 2019) Inventory Additional Paid-In Capital on Common Stock Sinking Fund for Bond Retirement Required: 700 1,900 Preferred Stock, $50 par 4,200 Accumulated Depreciation: Buildings 8,300 Current Interest Payable 2,400 Investment in Held-to-Maturity Bonds 17,000 Cash 24,400 Treasury Stock (at cost) 10,000 12,400 2,900 9,000 8,200 1,500 3,700 9,500 7,700 Accrued Wages 4,000 Land 1. Prepare a properly classified balance sheet according to U.S. GAAP for KIP as of December 31, 2016. Kip International Products Company Balance Sheet Spreadsheet Calculato Show Me How Total property, plant, and equipment Intangible Assets: Total Assets Liabilities Current Liabilities: Total current liabilities Long-Term Liabilities: Accounting numeric field Total long-term liabilities Total Liabilities Shareholders' Equity Contributed Capital: Check My Work HWK 4 eBook Contributed Capital: Total contributed capital Total contributed capital and retained earnings Total shareholders' equity Total liabilities and shareholders' equity 2. Assume instead that KIP uses IFRS. Prepare its balance sheet as of December 31, 2016. KIP INTERNATIONAL PRODUCTS COMPANY Balance Sheet December 31, 2016 Assets Noncurrent Assets Check My Work Noncurrent Assets Total noncurrent assets Current Assets Prepaid items Total current assets Total Assets Shareholders' Equity Contributed Capital HWK 4 eBook Show Me How Spreadsheet Shareholders' Equity Contributed Capital Total contributed capital Retained earnings Total contributed capital and Retained earnings Total Shareholders' Equity Liabilities Noncurrent Liabilities Total noncurrent liabilities Current Liabilities Total noncurrent liabilities Current Liabilities Total current liabilities Total Liabilities Total Shareholders' Equity and Liabilities