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Current Attempt in Progress The following items are taken from the financial statements of Wildhorse Co, at December 31, 2022. Land Accounts receivable Supplies
Current Attempt in Progress The following items are taken from the financial statements of Wildhorse Co, at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings $196,500 22,400 9,000 11,900 82,700 261,000 Land improvements 46,300 Notes receivable (due in 2023) 6,300 Accumulated depreciation-land improvements 12,000 Common stock 76,000 Retained earnings (December 31, 2022) 513,000 Accumulated depreciation-buildings 33,700 Accounts payable 9,400 Mortgage payable 76,800 Accumulated depreciation-equipment 18.800 Interest payable 4,000 Income taxes payable 15,600 Patents 47,100 Investments in stock (long-term) 71,400 Debt investments (short-term) 4,700 Prepare a classified balance sheet. Assume that $10,200 of the mortgage payable will be paid in 2023. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings, Equipment and Land Improvements)
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